“We welcome Carl to Globe. He has a solid track record as a strategic and transformational business leader who delivers business growth,” Cu said in a statement on Wednesday.
“Meanwhile, I will remain focused on guiding our corporate strategy, ensuring we advance the broader growth agenda while Carl will assume the responsibilities of overseeing the day-to-day operations and take on an essential role to accelerate our momentum, enhance the execution of key strategic priorities, and further strengthen our leadership team,” he added.
On Wednesday, Globe announced the appointment of Cruz—the CEO and managing director of Airtel Nigeria, the largest operating company of Airtel Africa—as deputy CEO of Globe effective Jan. 1, 2025.
From this period, he will be reporting directly to Cu, managing day-to-day activities of the company, before being nominated as president and CEO during Globe’s annual stockholders’ meeting in 2025.
“I am very honored to be given the opportunity to be part of the Globe organization. I look forward to working alongside Ernest and Globe’s talented team to drive growth, elevate customer experience, and shape the future of the telco industry,” Cruz said in the statement.
Cu will continue to hold chairmanship of 917Ventures, Globe Fintech Innovations Inc. (Mynt), the holding company of GCash, Kickstart Ventures Inc., and data center operator STT GDC Philippines.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
