MANILA, Philippines (UPDATED) – ABS-CBN Corporation will welcome the new year with a new president and CEO, as Charo Santos-Concio retires effective December 31 this year.
In a Facebook post on Friday, December 18, Eric John Salut, the network’s Ad Promo and Manager for Publicity and Social and Print Media Relations, announced the appointment of Carlo L. Katigbak as ABS-CBN new president and CEO effective January 1, 2016.
Katigbak has 20 years combined experience in financial management and business operations, corporate planning, and general management.
Before becoming a chief operating officer in March 2015, Katigbak was the head of access of the company, helping in its forays into technologies and ventures.
He also managed the operations of SkyCable, ABS-CBNmobile, and ABS-CBN TVplus.
Katigbak began his career at Sky in 1994, handling various key positions which culminated in his appointment as vice president for provincial operations of the cable business unit of the network in 1998.
Katigbak was then assigned to establish the Internet business of ABS-CBN in 1999. He served as managing director of ABS-CBN Interactive, which ventured into online and mobile businesses.
He returned to SkyCable and served as its COO from 2005 to 2012, and president in 2013.
Under Katigbak’s leadership, Sky launched the Digibox, “which eventually staunched the number of illegal connections and allowed customers greater flexibility in customizing their subscriptions,” Salut wrote in his post. (READ: Digital TV service boosts ABS-CBN’s income)
Sky also re-launched its broadband products, which are now the fastest growing segment of its business.
Katigbak completed an Advanced Management Program at Harvard Business School in 2009. He graduated from Ateneo de Manila University with a degree in Management Engineering in 1991.
Santos-Concio, meanwhile, was appointed as ABS-CBN’s CEO in 2013. Despite her upcoming retirement, she will continue though to serve the company as chief content officer, president of ABS-CBN University, and executive adviser to the chairman, the network said in a press release Friday.
Prior to her CEO appointment, she was ABS-CBN’s president and chief operating officer since 2008. She was previously head of Channel 2 Mega Manila Management.
Onscreen, Santos-Concio hosts ABS-CBN’s longest-running drama anthology “Maalaala Mo Kaya.”
A cum laude graduate from St. Paul’s Manila who completed an Advanced Management Program at Harvard University, Santos-Concio began her career in ABS-CBN as a television production consultant in 1987, after working as a line producer for BanCom, Audiovision, Vanguard Films, Regal Films, and Vision Exponents. She also worked as a film production manager for the Experimental Cinema of the Philippines.
With Katigbak’s new role and Santos-Concio’s retirement, Eugenio Lopez III remains the chairman of the board of ABS-CBN.
ABS-CBN reported a net income of P27.8 billion in consolidated revenues for the first 9 months of 2015, pushing its net income up by 23% to P1.9 billion. – Rappler.com