MANILA, Philippines — Telco-to-tech provider Globe Telecom Inc. is reshuffling its finance department before the end of the year following the retirement of its long-time and multi-awarded fiscal strategist.
Globe yesterday said its chief finance officer, Rosemarie Maniego-Eala, is retiring from her post, ending her 27-year stint with the telco that she helped grow.
In almost three decades with Globe, Eala won a number of awards for managing the finances of one of the largest telcos in the Philippines, with recognitions coming from FinanceAsia’s Asia’s Best Companies and the Asian Excellence Award.
Eala also led Globe through some of the toughest stretches like the pandemic. It was under Eala’s leadership that the telco gambled on a post-pandemic surge in digital adoption, spending a record P101 billion in capital expenditures for network rollout in 2022.
She also handled the financial aspect of Globe’s P96.4 billion tower sale, which the company is expected to complete either at the end of the year or early 2025. Eala is leaving Globe on track to become cash flow positive next year.
The seasoned finance executive is retiring from her role on Oct. 16 and will be succeeded by Juan Carlo Puno, who is currently Globe’s corporate strategy officer and senior vice president for corporate finance.
Puno has served Globe for 15 years and has built a career in the organization by heading some of the telco’s capitalization programs.