Maynilad appoints new president, CEO

ABS-CBN News

Posted at Aug 03 2010 01:32 PM | Updated as of Aug 03 2010 09:32 PM

MANILA, Philippines - Maynilad Water Services Inc. has named Victorico Vargas as its new president and chief executive officer, DMCI Holdings Inc. announced Tuesday.

Vargas replaces Rogelio Singson, who was recently appointed by President Benigno Aquino III as secretary of the Department of Public Works and Highways.

Vargas was formerly senior vice president and human resources head of Philippine Long Distance Telephone Co. (PLDT).

PLDT is an affiliate of Metro Pacific Investment Inc., which together with DMCI, owns Maynilad.