Daily TribuneIn 2011, he was recognized by the World Economic Forum as a Sustainability Champion for his efforts as president of Manila Water Company Inc. or MWCI
Photograph courtesy of MAP As a public servant, Rene Almendras served as secretary of Energy, Cabinet secretary and secretary of Foreign Affairs.
The Management Association of the Philippines or MAP on Monday installed Rene Almendras, a former Cabinet official during the term of the late President Benigno Aquino III, as its 76th president.
Almendras is the current president and CEO of AC Logistics Holding Corp. and public affairs group head of Ayala Corp., bringing with him his vast experience in the private and public sectors to run MAP for 2024.
Also, he serves as senior managing director of AC and a board member of the following companies within the Ayala Group: AC Energy and Infrastructure, Light Rail Manila Holdings Inc., Entrego, Air 21 Holdings Inc., and its subsidiaries.
Int'l banker
Almendras spent 13 years with the Citibank Group where he started as a management trainee and landed his first CEO position as president of City Savings Bank of the Aboitiz Group at the age of 37.
In 2011, he was recognized by the World Economic Forum as a Sustainability Champion for his efforts as president of Manila Water Company Inc or MWCI.
During his stint as its president and COO, MWCI received multiple awards and was recognized as one of the Best Managed Companies in Asia, Best in Corporate Governance, one of the Greenest Companies in the Philippines, and hailed as the world's Most Efficient Water Company.
As a public servant, he served in various high-level positions: namely, secretary of Energy, Cabinet secretary and secretary of Foreign Affairs.
In June 2016, he was awarded the Order of Lakandula, Rank of Gold Cross Bayani, a Presidential award and the highest honor given to a civilian by the Republic of the Philippines. The award was President Benigno Aquino III's recognition of his exemplary service during his administration.
Joining Almendras on the MAP 2024 board are KPMG R.G. Manabat & Co. vice chairperson and COO Emmanuel Bonoan as vice president; HSBC Philippines treasurer and head of markets and securities services Maria Corazon "Corrie" Purisima as Treasurer; GCash/Mynt president and CEO Martha Sazon as assistant treasurer; and CEO Advisers Inc. Partner Karen Batungbacal as secretary.
The other MAP governors are Du-Baladad and Associates, or BDB Law, founding partner and CEO and MAP immediate past President Benedicta Du-Baladad, Center for Excellence in Governance vice chairperson Rex Drilon II, and SMART Communications president and CEO Alfredo Panlilio, and P&A Grant Thornton founder Benjamin Punongbayan.
