By Victor V. Saulon
Lopez-led First Philippine Holdings Corp. (FPH) on Friday has confirmed the death of Ferdinand Edwin S. CoSeteng, president of two of the listed holding firm’s subsidiaries.
“We in the FPH family will always remember Edwin as a valuable colleague, a wonderful boss, and a loyal friend. We will miss him,” FPH said in a statement.
“We extend to the family, relatives, and friends of Edwin our deepest condolences and ask for prayers,” it added.
The holding firm did not disclose the cause of death of the executive, who led FPH units First Philippine Industrial Park, Inc. and First Philippine Electric Corp. He also served as director and executive vice-president of FPH, and director of listed property developer Rockwell Land Corp., also a unit of FPH.
The Pasig City police station tactical operations center confirmed that Mr. CoSeteng fell from a tower of the Rockwell Business Center on Ortigas Avenue in Pasig City. A staff of the station said the incident was reported just before 8:00 a.m. on Friday. He declined to give more details by phone. FPH holds office on the 6th floor of Rockwell’s Tower 3.
The FPH director, who would have been 55 on Oct. 27, earned his Bachelor’s degree in Electrical Engineering from the University of the Philippines and completed with distinction his Master of Business Administration from the Johnson Graduate School of Management, Cornell University in New York.