Aboitiz-led UnionDigital Bank announced that CEO and President Henry R. Aguda is stepping down to pursue other opportunities while director Danilo “Bong” J. Mojica II has been appointed as his successor.
Aguda will officially cede the role on Aug. 1 this year.
“We respect Henry’s decision to pursue opportunities that are more aligned to his personal development goals, and we wish him the best,” Justo A. Ortiz, chair of the digital banking arm of Union Bank of the Philippines, said in a statement on Tuesday.
“Our appointment of Bong, who is close to UnionDigital’s business and operations as a board director, will ensure continuity and the uninterrupted execution of the bank’s plans for growth and its strategic initiatives,” he added.
Aguda also submitted his resignation as senior executive vice president of UnionBank, effective Oct. 1 this year. This allows time for the turnover and transition to Mojica.
Mojica brings over 35 years of executive-level experience both locally and internationally. His background spans multiple industries, including fast-moving consumer goods, airlines, telecommunications, financial services, and financial technology.
