Juan Carlo Puno appointed as next Globe CFO

Globe Telecom Inc. corporate strategy officer and senior vice-president for corporate finance Juan Carlo Puno is set to take over as the firm's chief financial officer (CFO) on October 16, succeeding Rosemarie “Rizza” Maniego-Eala.

In a disclosure, Globe said Eala is set to retire to pursue “personal and professional goals” after over two decades with the company.

“In her nearly 27 years of dedicated service to Globe, Ms. Maniego-Eala has been a driving force behind Globe’s success, guiding Globe through some of its most challenging periods and trailblazing achievements that have shaped our organization’s future,” the disclosure read.

“We take this opportunity to thank Ms. Maniego-Eala not only for her invaluable contributions, but also the leadership values she instilled not only within her team, but across the organization,” it added.

Eala’s successor Puno, who also serves as chief financial officer and treasurer of 917Ventures, has also been appointed as treasurer and chief risk officer of Globe.

“His 15 years in Globe and his previous roles have built him up to be one of Globe’s well-lauded leaders, as well as an expert in the fields of corporate strategy, finance and accounting, and investor communications,” Globe said.

Globe targets to grow its top line by up to mid-single-digit levels this year, after posting a P162.3-billion all-time high consolidated service revenue in 2023.

The company has earmarked $1 billion for its spending program this year, after investing P70.6 billion in 2023 which reflected a 30% decline from the previous year. —AOL, GMA Integrated News