Meralco PowerGen Corp. (MGEN), the power generation arm of tycoon Manuel V. Pangilinan's group, has named a new president and chief executive officer to lead its thermal business, according to a report by Philstar Biz. The appointment comes barely nine months after the previous leadership change at the company.
The new executive will oversee MGEN's thermal power plants, which form a key part of the company's generation portfolio. The move is part of ongoing organizational adjustments within the Pangilinan-led energy unit, as it navigates the evolving power market in the Philippines.
MGEN did not immediately disclose the name of the newly appointed official or provide further details on the transition. The company continues to focus on ensuring stable and reliable power supply from its thermal facilities amid shifting regulatory and demand dynamics.