Top management leaves First Pac

The top management of First Pac have quietly resigned.

Hong Kong-listed corporate, First Pacific has lost its two most senior managers.

Michael Healy and Ron Brown, who ran the company day to day and were the senior executive and CFO, have both quietly resigned, although remain as directors. However, it is also thought they will resign these posts at the AGM in June.

Both Healy and Brown were well regarded by the investor community and were the public face of the Salim family-controlled conglomerate.

Both men are thought to have become disillusioned after First Pac failed last year to sell its controlling stake in PLDT to Gokongwei family interests, after PLDT boss, Manny Pangalinan blocked the deal...

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