MANILA, Philippines — Amando Tetangco Jr., the two-termer former governor of the Bangko Sentral ng Pilipinas who has been widely recognized as one of the world’s best central bankers, has resigned as independent director of Lucio Tan-owned Philippine Airlines Inc., marking the latest chapter in the saga of the four-star carrier.
Estelito Mendoza, a long time lieutenant of the taipan and touted as one of the country’s best legal minds with a roster of awards in his name, has also tendered his resignation from the board recently, The STAR learned.
Mendoza confirmed to The STAR newspaper that he had resigned. “Yes, I resigned. Matagal na, Nov. 20,” he said.
He declined to elaborate on the reason. “That’s a long story,” he said.
Tetangco chaired PAL’s Corporate Governance Committee which Mendoza, together with several others, was a member.
Source: https://www.philstar.com/business/2019/12/06/1974573/key-pal-board-members-submit-resignation-papers