PBBM orders courtesy resignations from GOCC execs

President Ferdinand “Bongbong” Marcos Jr. has ordered courtesy resignations from top executives of government-owned and -controlled corporations (GOCCs) to allow for a potential administration overhaul.

The Governance Commission for GOCCs (GCG) issued a notice directing non ex-officio chairpersons, CEOs, and appointive directors of 157 GOCCs under its jurisdiction to submit their resignations.

Executive Secretary Lucas P. Bersamin stated that the GCG will process all resignations, but the Office of the President will specifically review those from GOCC heads.

Notable officials who have submitted courtesy resignations include Lynette V. Ortiz, president and CEO of Land Bank of the Philippines, Edwin M. Mercado, Philippine Health Insurance Corp. president and CEO, and Tereso O. Panga, Philippine Economic Zone Authority Director General.

This move follows a similar directive for Cabinet secretaries and is intended to give the President a free hand in recalibrating his administration.

Those who have resigned are expected to continue their duties until the Office of the President acts on their submissions.