Tuesday, September 25, 2018
  • share this

BREAKING: PSALM CEO placed under 90-day preventive suspension

By: - Reporter / @bendeveraINQ
/ 01:11 PM May 06, 2015

The chief executive officer (CEO) of state-run Power Sector Assets and Liabilities Management Corp. (PSALM) has been suspended from his post.

“Following the deliberations during the principals board meeting of PSALM held on May 5, 2015, the board resolved to place president and CEO Emmanuel R. Ledesma Jr. under preventive suspension for 90 days, effective immediately after the said board meeting,” the Department of Finance (DOF) said in a statement on Wednesday.


The DOF did not say the reason behind Ledesma’s suspension.

According to the DOF, Lourdes S. Alzona, who is currently PSALM’s vice president for finance, will serve as the officer-in-charge of PSALM’s office of the president.

PSALM is in charge of privatizing state-owned power assets.


Power shortage feared amid PSALM cash woes

Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Emmanuel Ledesma, Power Sector Assets and Liabilities Management Corp., PSALM, suspension
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2018 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.