Payumo bid farewell to SBMA

In a surprising announcement this morning, SBMA Chairman Felicito Payumo revealed that President Gloria Macapagal Arroyo had indicated that Antonio Licuanan will be replacing him as Chief of SBMA. He has officially submitted his resignation to the president effective October 14, 2004. Palace insider told this blogger that GMA herself called Payumo and ordered him to submit his resignation. The President is expected to officially announce Payumo’s replacement tomorrow at Clark, Pampanga.

Licuanan, who is known in the industry for his exacting and demanding management style. He presided over the transformation of Makati skyline during his long years at the helm of ALI.

Licuanan faces great challenges ahead. He has a tremendous responsibility as head of SBMA to transform the Subic complex into a global service and logistic center.

Payumo took the opportunity to thank the employees who supported him during his term.