Meralco CEO Manuel "Manolo" Lopez, fondly called MML by company insiders, officially stepped down as the power distribution company's Chief Executive Officer after 24 years. To replace him as CEO will be business mogul Manny V. Pangilinan. Lopez will remain as chairman of the board of Meralco, and Jose "Ping" de Jesus also retains his position as Chief Operations Officer. The changing of the guards, as it is so called, happened yesterday, May 25, 2010, at the annual Meralco stockholders Meeting which was held at the Meralco Theater.
To Manny Pangilinan, congratulations. May you continue to preserve the ideals of corporate leadership and integrity Meralco is known for.