The Board of Directors of PLDT Inc. (respectively, the ?Board? and the ?Company?) held on December 5, 2023, the Board accepted the retirement of Mr. Alfredo S. Panlilio, as President and Chief Executive Officer of the Company, with effect 31st December 2023, and the appointment of the incumbent Chairman, Mr. Manuel V. Pangilinan, as President and Chief Executive Officer, with effect 1st January 2024 concurrent to Mr. Pangilinan?s role as Chairman. Mr. Panlilio has been instrumental in steering the PLDT Group during the challenging times of the Covid 19 pandemic an enabling PLDT to sustain profitability and industry leadership in that difficult period.

With Mr. Panlilio at the helm, PLDT received various citations from both local and international organizations for pioneering brand, corporate social responsibility, cybersecurity, network and sustainability initiatives. This is capped with Mr. Panlilio being bestowed with the CEO of the Year citation in 2022 and PLDT being recognized as one of the World's Best Companies by Time Magazine in 2023. The Chairman, Mr. Manuel V. Pangilinan, expressed his gratitude to Mr. Panlilio for the vision, energy and heart that he dedicated to PLDT's customers, employees, shareholders, and the Board of Directors.

Mr. Panlilio will remain as Director of PLDT, Smart, and MediaQuest Holdings Inc., Chairman of Maya Bank and Bonifacio Communications Corporation, Director of Multisys Technologies Corporation and MultiPay, President of MVP Sports Foundation, Trustee of Asian Carriers Conference, and Member of the Management Association of the Philippines. The Board appointed the incumbent Chairman, Mr. Manuel V. Pangilinan, as President and Chief Executive Officer, with effect 1st January 2024 concurrent to Mr. Pangilinan's role as Chairman, until such time as a new President and Chief Executive Officer is appointed.