GRAB PHILIPPINES President Brian P. Cu announced his resignation on Thursday, saying he will now pursue other business interests.

Mr. Cu, who joined the company seven years ago, announced his resignation in a video message posted on his official Facebook page, saying: “Nais ko pong ipaalam sa inyo na (I would like to inform you that) I decided to pursue other business interests and focus on my family, and it’s with a heavy heart that I have to tell you all that I have decided to leave Grab.”

He also assured Grab’s partners such as drivers and merchants that the company will continue to support them.

Tuloy-tuloy po ang aming pag-coordinate sa inyo para mag-grow kayo with the Grab family. Hindi naman mawawala ang leadership team ng Grab, nandadyan sila para tugunan ang inyong mga requests and concerns (We will continuously coordinate with you, so that you will grow with the Grab family. The leadership team is ready to address your requests and concerns),” he said.

In a statement, Russell Cohen, group managing director-operations for Grab, said Mr. Cu will be leaving his role as Grab Philippines president on Aug. 14.

“We send our heartfelt thanks to Brian for managing the Grab Philippines business for the past few years, where he’s grown the business from a fledgling start-up to where it is today. He has decided to move on to focus other business interests as an entrepreneur in the start-up scene, and we wish him the very best,” he added.

He said Ronald Roda, Grab Philippines’ head of transport and shared services, “will continue to be the head of country operations.” — Arjay L. Balinbin