PLDT Announces Officer Separations: Impact on Operations and Financials

PLDT Inc. has announced officer separations effective July 1, 2025, including Jeremiah de la Cruz, Gary Kho, and Milan Topacio. The changes are not expected to impact PLDT's operations, financial position, or results. Spark's AI Analyst rates PHI as Outperform due to strong valuation metrics and solid financial performance, despite modest revenue growth.

PLDT Inc. has announced officer separations effective July 1, 2025, including Jeremiah de la Cruz, Gary Kho, and Milan Topacio. The changes are not expected to impact PLDT's operations, financial position, or results. Spark's AI Analyst rates PHI as Outperform due to strong valuation metrics and solid financial performance, despite modest revenue growth.

The telecommunications giant, PLDT Inc., has recently announced significant changes in its upper management. Effective July 1, 2025, the company will see the departure of three key executives: Jeremiah de la Cruz, Gary Kho, and Milan Topacio. This move is part of PLDT's ongoing recalibration of its leadership lineup to refocus on its core broadband and network infrastructure businesses [1].

Jeremiah de la Cruz, who joined PLDT in April 2022 as Senior Vice President and Consumer Business – Home Head, was responsible for steering the PLDT Home broadband arm. His departure follows his recent appointment as senior adviser to the company's Chief Operating Officer Menardo G. Jimenez. The company has not provided a specific reason for de la Cruz's departure [1].

Gary Kho and Milan Topacio, who held positions within PLDT's network and operations divisions, are also leaving the company. Their departures are part of the broader leadership restructuring aimed at streamlining operations and enhancing efficiency [1].

Despite these changes, PLDT has assured that the separations will not affect the company's operations, financial position, or results. The company remains committed to its strategic objectives and continues to invest in its core businesses [1].

Spark's AI Analyst has rated PLDT Inc. as an "Outperform" based on strong valuation metrics and solid financial performance. While the company experienced modest revenue growth, its valuation remains robust, driven by its dominant position in the Philippine telecommunications market and strategic investments in digital banking and financial services [2].

The analyst highlighted that PLDT's recent investments in Maya, a digital banking platform backed by PLDT and China's Tencent, have the potential to significantly boost the company's financial performance. Maya's digital banking license and online lending initiatives could double its value from around $1.4 billion to between $3 billion and $3.5 billion, making it the country's fifth-largest financial institution [2].

Furthermore, PLDT's strong balance sheet and strategic partnerships with global players like Tencent position it well to capitalize on the growing demand for digital financial services in the Philippines. The company's commitment to digital transformation and innovation is expected to drive its growth and profitability in the coming years [2].

In conclusion, PLDT Inc.'s recent officer separations and strategic investments reflect its ongoing efforts to enhance operational efficiency and capitalize on growth opportunities in the digital financial services sector. Despite the changes in leadership, the company's strong financial fundamentals and strategic positioning suggest a positive outlook for investors.

References:
[1] https://context.ph/2025/07/01/pldt-recalibrating-leadership-lineup-svp-coo-advisor-exits/
[2] https://insiderph.com/gcash-rival-maya-could-be-valued-at-p200b-set-to-become-phs-5th-largest-private-financial-firm