Roxas Holdings names new CFO

MANILA, Philippines – Sugar miller Roxas Holdings, Inc. (RHI) announced yesterday the appointment of its new chief finance officer.

Celso Dimarucut, who was part of the MVP Group of Companies, will assume office effective Dec. 1, replacing Armando Escobar, who wil be going back to Roxas & Co. Inc. (RCI) as full-time CFO.

Dimarucut served as senior executive vice president and CFO of Landco Pacific Corp. and its subsidiaries.

He graduated cum laude at the Polytechnic University of the Philippines with a degree of BS Commerce - Accounting and started his career in SGV. He later moved to Hunt-URC and Rothman’s of Pall Mall (Australia).

Before moving to the MVP Group, he had stints in Metrobank, Philippine Commercial Capital, and Presto, Utomo and Co. (Indonesia).

Dimarucut served as Finance Head of Pilipino Telephone Corp. and later, as comptroller of Philippine Long Distance Telephone Co. (PLDT) after Piltel’s integration to Smart Communications Inc. where he managed the overall financial reporting functions of the PLDT Group.

He also worked as SVP and Group Finance Officer of ePLDT, Inc. — the information and communications technology group of PLDT.

After his PLDT stint, he moved to Mediaquest Holdings where he served as SVP and Group Finance Officer.