Enrique Razon Jr. now officially heads Manila Water Co. (MWC), Inc., taking the reins from the Ayala Group more than a year after they reached a subscription agreement that gave the ports tycoon majority voting rights in the company.
Razon is now the director, chair of the Board of Directors, president and chief executive officer, chair and Member of the Executive Committee of MWC, which provides water services to six million people in Metro Manila and Rizal province.
The change in directors and officers was effective starting June 3, according to MWC’s disclosure to the Philippine Stock Exchange on June 4. Prior to this, MWC was headed by Ayala Corp., the country’s o…
Keep on reading: Razon takes over reins of Manila Water