PHILIPPINES AirAsia, Inc. has undergone top-level leadership change with the appointment of a new chief executive officer (CEO), former PLDT Global Corp. executive, Ricardo “Ricky” P. Isla.

In a statement Wednesday, the local unit of the Malaysian budget carrier said Mr. Isla will replace Dexter M. Comendador, who was appointed as the company’s chief operating officer.

“I am thrilled to welcome Ricky to our senior leadership team. Ricky has an outstanding track record of leading and transforming businesses, especially when it comes to increasing revenue and market share, customer satisfaction and employee engagement,” Philippines AirAsia Chairman Marianne B. Hontiveros said in the statement.

Mr. Isla was previously the head for business and product development, marketing and sales of PLDT Global, a wholly owned subsidiary of listed telecommunications giant PLDT, Inc.

The leadership change in the carrier comes after Romero-led F&S Holdings, Inc. raised its stake in Philippines AirAsia to be its single largest shareholder (44.4%).

The carrier is aiming to swing to profit this year from a loss of P2.11 billion last year, with revenue target set at P30 billion by end-2019. — Denise A. Valdez