Listed telecommunications firm Philippine Telegraph & Telephone Corp. (PT&T) announced on Friday the appointment of Roberto “Bob” B. Ortiz as new chairman of its board, replacing Salvador “Buddy” T. Zamora II.

Mr. Zamora will now focus on “personal endeavors outside the company,” PT&T said in an e-mailed statement. He will continue to serve as non-executive director of the company.

PT&T said Mr. Ortiz has been serving as its independent director since 2018.

“On behalf of the board, and personally, I would like to thank Buddy for the contribution he has made to PT&T during his chairmanship. He has been an excellent chair and has played a crucial role in the successful development of PT&T,” said James G. Velasquez, PT&T director and chief executive officer.

“We are delighted to welcome Bob as the new Chairman. As we aim to expand our footprint nationwide and solidify our digital transformation services, Bob’s experience and entry as our new chair is timely as we shift gear towards raising funds and start our investor roadshows,” he added.

The company said Mr. Ortiz has over 27 years of experience in finance, corporate governance, and investment banking. — Arjay L. Balinbin