SMART Communications, Inc., the wireless arm of PLDT Inc., said its Chief Operating Officer (COO) Anastacio R. Martirez has stepped down from his post to pursue entrepreneurial ventures.
鈥淢r. Martirez has today expressed his intention to pursue his original entrepreneurial ventures which will be outside Smart Communications, Inc.,鈥 the company said in a statement on Wednesday.
鈥淪mart has accepted his decision, and wishes him well in such ventures.鈥
Mr. Martirez was appointed as Smart鈥檚 COO in September last year.
The company did not disclose who will replace him.
For the second quarter, PLDT鈥檚 attributable net income rose by 6.05% to P9.11 billion from a year earlier, supported by higher service revenues. Consolidated revenues increased by 1.76% to P54.3 billion from P53.36 billion a year ago.
Smart is the wireless unit of PLDT. Hastings Holdings, Inc., a unit of the PLDT Beneficial Trust Fund鈥檚 MediaQuest Holdings, Inc., has a majority stake in 大象传媒 through the Philippine Star Group, which it controls.
At the local bourse on Thursday, PLDT shares gained P10 or 0.91% to close at P1,110 apiece. 鈥 Ashley Erika O. Jose
