DITO CME Holdings Corp, the information and communications technology (ICT) sector holding firm of the Udenna Group, announces the transfer of Ernesto (Eric) R. Alberto from DITO CME president to chief executive officer of its subsidiary, DITO Telecommunity (DITO Tel).

Alberto replaces Dennis A. Uy who remains chairman of DITO Tel while DITO CME Chief Operating Officer Donald Patrick L. Lim is simultaneously appointed as DITO CME president in an acting capacity.

“Eric’s wealth of experience in senior capacities in the banking and telecoms sectors spanning several decades, will be very valuable in his new role as DITO Tel CEO. His appointment comes at an opportune time as we continue to maintain the Company on a high-growth trajectory,” Uy said.

With the recent equity infusions at the DITO CME level and DITO Tel’s signing of the US$3.9 billion long-term project finance facility, DITO said it has further confidence in DITO CME and DITO Tel achieving their business plan targets at the soonest possible time.