SUMMARY
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JV Emmanuel “Jocot” de Dios was named president and chief executive officer of Manila Water Company effective Wednesday, September 1.
He takes over from Enrique Razon Jr., just two months after Razon took the helm of the utility firm.
Razon will remain chairman of Manila Water.
Prior to the new role, De Dios was CEO of Prime Metro BMD Corporation (PrimeBMD), an affiliate company of the Razon Group’s infrastructure investment arm.
De Dios has three decades of experience in infrastructure and energy. He also served as CEO of General Electric Philippines from 2012 to 2020 and was undersecretary of the Department of Energy from 2001 to 2004.
De Dios has a graduate degree from Harvard Law School and a graduate degree from Ateneo Law School.
Sebastian Lacson, Prime Infra’s senior project director, assumes the concurrent role of PrimeBMD CEO.
Hans Christian Lopez, deputy project director of WawaJVCo, moves to PrimeBMD as its chief operating officer.
De Dios’ appointment further gives Manila Water a clearer path, after the Ayala Group stepped aside and gave the controlling stake to the Razon Group.
The Ayala Group had sold its shares to Razon amid President Rodrigo Duterte’s verbal attacks over the water crisis and arbitration dispute.
The Ayala Group maintains an economic interest in Manila Water, with Fernando Zobel de Ayala remaining as a board director.
Manila Water and the government have since agreed on a new concession agreement, which took out clauses giving the company a guarantee in earnings from its investments, as well as the non-interference clause. – Rappler.com
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