PT&T Corp. on Tuesday announced a strategic shift in its leadership team, with three key members moving on to pursue new opportunities within the Menlo Capital group of businessmen Salvador Zamora and Benjamin Bitanga.
“PT&T Corp. is pleased to announce a strategic movement of two of its management representatives—Miguel Marco Bitanga, chief operating officer and Alberto Ambuyo, chief information officer—effective immediately,” the company said in a disclosure to the stock exchange.
“Bitanga and Ambuyo will be pursuing new initiatives within the Menlo Capital group, the parent company of PT&T, the publicly listed entity MRC Allied Inc., digital media company Rappler and other entities,” it said.
The two executives will be joined by Reinhard Klocker, PT&T’s strategic projects and vendor management advisor.
“Together, they have been instrumental in advancing PT&T’s mission and vision, playing pivotal roles in various key projects,” PT&T said.
“This transition presents a significant opportunity for both PT&T and Menlo Capital as the entire group embarks on its strategic initiatives for the next 10 years,” it said.
Bitanga, Ambuyo and Klocker will focus on driving forward key initiatives that are critical to the growth and success of the Menlo Capital group.
“Their extensive experience and leadership will be invaluable as they embark on these new ventures, contributing to the strategic direction and operational excellence of the group’s diverse portfolio,” the company said.
“As PT&T continues to evolve, we remain committed to ensuring a seamless transition while maintaining the highest standards of excellence. We have a robust succession plan in place and are confident that our strong management team will continue to lead the company toward achieving our goals. PT&T is well- prepared for this transition and remains focused on our mission,” PT&T said.
