Marcos extends courtesy resignation order to GOCCs

President Ferdinand 'Bongbong' Marcos Jr. extended his order for courtesy resignations to officers of government-owned and controlled corporations (GOCCs) on May 26.

By Thursday, top officials of state-run firms had started submitting their courtesy resignations as directed by the Governance Commission for GOCCs (GCG), giving the government a free hand to overhaul leadership in these entities following similar moves within the Cabinet.

Those who have resigned include Lynette V. Ortiz from Land Bank of the Philippines, Edwin M. Mercado from PhilHealth, and Tereso O. Panga from Philippine Economic Zone Authority, among others.

The Office of the President will review the resignations of GOCC heads while the GCG processes all other submissions.

Despite these changes, officials are expected to continue performing their duties until replacements are appointed, ensuring no disruption in public service or revenue generation.