power and water

Jocot de Dios is new Manila Water president and CEO

Ralf Rivas

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Jocot de Dios is new Manila Water president and CEO

NEW CEO. JV Emmanuel de Dios moves to Manila Water Company.

Prime Infra

Prior to the new role, Jocot de Dios was CEO of Prime Metro BMD Corporation. He was also once CEO of General Electric Philippines and energy undersecretary.

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.

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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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Ralf Rivas

A sociologist by heart, a journalist by profession. Ralf is Rappler's business reporter, covering macroeconomy, government finance, companies, and agriculture.