Manuel V. Pangilinan

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Mannypangilinan.jpg
Birth-Name Manuel V. Pangilinan
Born July 14, 1946 Flag of the Philippines.png
Occupation Businessman

Manuel V. Pangilinan (born 14 July 1946 in Manila), also known as MVP to associates and media, is the chairman of the Philippine Long Distance Telephone Company from 1990 to present, chairman of TV5 from 2009 to present, and CEO of Hong Kong-listed First Pacific Company, Ltd. He is the owner of Cignal Digital TV and Smart Communications. He was the former Chairman of the Board of Trustees of Ateneo de Manila University (ADMU).

Contents

Early life and education

Pangilinan's father began as a messenger at the Philippine National Bank and retired as the president of the Traders Royal Bank. His grandfather started as a public school teacher and later in his life, served as Secretary of Education.

Pangilinan went to high school at San Beda College and to college at Ateneo de Manila University, both under scholarship programs. He also pursued a master's degree at the University of Pennsylvania's Wharton School of Economics as a scholar (he won a national competition conducted by Procter and Gamble.)

Career

Pangilinan started as an assistant to the president of Philippine Investment Management Inc. (Phinma), earning only Php 1,000 a month. Afterwards, he became an overseas Filipino worker in Hong Kong. He worked with Crown Colony, where he met well-connected clients (who would eventually become his friends) and learned the dynamics of international finance. Among those he befriended was Anthoni Salim, son of the Indonesian billionaire Liem Sioe Liong. They shared the idea of putting up a regional banking and trading business.

After founding First Pacific in 1981, Pangilinan served as its managing director, was appointed executive chairman in February 1999, and resumed the role of managing director and CEO in June 2003. The company acquired and gained majority control of PLDT in 1998 and became its president and CEO. He managed to restore PLDT's financial status and made it the country's second and third most profitable companies in 2005.

Former president Fidel Ramos praised Pangilinan, along with Enrique Razon, Jr., president of International Container Terminal Services Inc., for being a responsible corporate citizen. Makati Mayor Jejomar Binay also revealed in an interview that the only person who he thought could have been a threat to his iron grip on the city during the 2007 elections was Manny Pangilinan. [1]

In 2009, Pangilinan played a key role in what the media dubbed the "Meralco takeover." [2] Together with the Lopez Family, PLDT under Pangilinan owned 47 percent of Meralco shares. This gave the Lopez-PLDT alliance the majority share ownership of the electric company. The group that owned the next largest share of 43 percent was San Miguel Corp., under Ramon Ang [3].

Currently, Pangilinan serves as chairman of Smart; PCEV; ePLDT; SPi; SPi CRM; MPIC; Landco Pacific Corporation; Maynilad Water Services, Inc.; Philex Mining Corporation; Manila North Tollways Corporation; Medical Doctors, Inc. (Makati Medical Center); Colinas Verdes, Inc. (Cardinal Santos Medical Center); and Davao Doctors, Inc.

He is also the President Commissioner of P.T. Indofood Sukses Makmur Tbk, the largest food company in Indonesia. He is the Chairman of the Board of Trustees of San Beda College, PLDT-Smart Foundation, Inc., the Hongkong Bayanihan Trust, and the Philippine Business for Social Progress. He is the Vice Chairman of the Foundation for Crime Prevention and a member of the Board of Trustess of Caritas Manila and Radio Veritas-Global Broadcasting Systems, Inc.

Company Ownership

Company Position Share President/CEO
Philippine Long Distance Telephone Company (PLDT) Chairman 100% Napoleon L. Nazareno
ABC Development Corporation (TV5) Chairman MediaQuest Holdings, Inc.100% Atty. Reynaldo Espinosa
Smart Communications Chairman 100% Lp Tonquin Jr.
SPi Global Chairman 20% Maulik Parekh
Meralco Chairman 47.6% Oscar S. Reyes
Stradcom International Holdings Inc. Chairman ePLDT 9.5%=172.8 million <ref>[BusinessWorld Top 1000] Last Accessed 2009.</ref>
CURE Inc. (Connectivity Unlimited Resource Enterprise, Inc.) (Red Mobile) Chairman 100% Eric O. Recto
San Beda College Chairman Board Of Trustees Atty. Rookie Jocson
First Pacific<ref>[BizNewsAsia] Last Accessed June 30, 2010.</ref> CEO
Cignal Digital TV Chairman MediaQuest Holdings, Inc.
Pilipino Telephone Corporation (Piltel) (Talk 'N Text) Chairman Smart Tel. 99.50% Napoleon L. Nazareno
First Pacific Tollways Corporation Chairman Metro Pacific Investments Corporation
Metro Pacific Investments Corporation Chairman Jose K. Ma. Lim
Philex Mining Corporation Chairman
Digital Telecommunications Philippines(Sun Cellular) Chairman PLDT: 51.55% Arnold Diamante
Holy Angel University (HAU) Chairman Board of Trustees Dr. Arlyn S. Villanueva
Tollways Management Corporation CEO M.V.P.

Personal life

MVP loves sports, particularly basketball and squash.

Awards and recognitions

  • Global Filipino Executive of the Year, Asia CEO Awards, 2010
  • Forbes magazine Heroes of Philanthropy, 2009
  • Best Executive (Philippines), Best-Managed Companies and Corporate Governance Polls, Asiamoney, 2007 and 2008
  • Order of Lakandula (Rank of a Komandante) by the Office of the President of the Philippines, 2006
  • Distinguished World Class Businessman Award by the Association of Makati Industries, Inc., 2005
  • Management Man of the Year by the Management Association of the Philippines, 2005
  • Best CEO in the Philippines by Institutional Investor, 2004
  • CEO of the Year (Philippines) by Biz News Asia, 2004
  • People of the Year by People Asia Magazine, 2004
  • Honorary Doctorate in Humanities by the San Beda College, 2002
  • President Pamana ng Pilipino Award by the Office of the President of the Philippines, 1996

Ten Outstanding Young Men of the Philippines (TOYM) Award for International Finance, 1983

Controversy

Pangilinan admitted to plagiarizing his commencement speech for Ateneo de Manila University's 2010 graduating class. In his letter, Pangilinan apologized for delivering a speech that was “borrowed from certain other graduation speeches.” He also offered to resign from his post as chairman of Ateneo's board of trustees as his term will not end until 2011.

Pangilinan's speech was posted on ADMU's website but was later removed due to stirred concerns. Days later, blog posts circulated on the internet, juxtaposing Pangilinan's speech and those of celebrities and renowned authors like J.K. Rowling, Oprah Winfrey, and Conan O'Brien. GMA News Online also reported that a portion of Pangilinan's speech was copied from a speech by American president Barack Obama.

Pangilinan also admitted in his speech that he once cheated in his high school tests at the San Beda College but he was caught by school officials and stripped of his academic honors.


References

^ "BINAY’S REVELATION PLDT’s Pangilinan would have been a more ‘formidable’ rival." (accessed on December 6, 2007).

^ "Philippine Online Chronicles: The Meralco conquest, in summary."

Citation

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