Globe’s Ernest Cu hailed as Best Telco CEO by The Global Economics
Globe President and Chief Executive Officer Ernest Cu was hailed the Best CEO in Telecom in the Philippines by London-based The Global Economics Limited, recognizing his ability to turn a business around and grow it exponentially.
Cu, who joined Globe in 2008 and led its transformation into a formidable and industry leading digital solutions platform, was recognized as among top CEOs from around the world in their respective fields.
“This award inspires me to work even harder for the digital enablement of Filipinos and to steer Globe towards carving new paths as a digital solutions group. I thank The Global Economics for this recognition that serves as an affirmation of our efforts to innovate and deliver best-in-class service to our customers,” said Cu.
Through the 2022 Leadership Awards, The Global Economics, an online and print news magazine based in the UK, identifies business enterprises that put their hard work into nurturing the best work culture for the regional and global economies.
“The Global Economics Awards program serves as the epitome of the perseverance and credibility of its recipients. We recognize the best market players in the realm of their business,” the publication said of the program, which aims to motivate and bolster the confidence of business enterprises.
Despite a challenging 2021 due to the lingering pandemic, Globe pulled through amid an adverse economic environment, registering sustained top-line growth in the first quarter of this year.
It saw a 4% consolidated revenue growth by the end of March at P39.2 billion, an increase from P37.8 billion year-on-year with gains from data-related products and services.
Globe has also continued aggressive investments to boost its network, spending a record P92.8 billion in CAPEX last year, sustaining this with P89 billion this year.
“Our prudent financial management in these turbulent times allowed us to maintain strong cash flows, giving us the flexibility to continue to invest back into our network. We are proud of what we have achieved this year, particularly the significant gains in the network front,” Cu said.
Under Cu’s visionary leadership, Globe embarked on a purpose-led transformation in 2016 to create a more sustainable organization and is now serving as a catalyst in driving the nation forward.
“As an enabler of the digital economy, we are fully committed to providing digital solutions to help more Filipinos adjust and adapt to a new lifestyle brought upon us by the pandemic. We remain optimistic that our strategy to focus on fulfilling the needs of our customers, backed by our resilient and improved network, will drive our performance moving forward,” Cu added.
Cu has received multiple awards for his leadership. He was named Telecom CEO of the Year for the Philippines at the International Finance Awards in 2021, Asia’s Best CEO at the Corporate Governance Awards in 2020, Best CEO by Finance Asia in 2017, Telecommunications Executive of the Year at the International Business Awards (Stevies) in 2014, CEO of the Year by Frost & Sullivan Asia Pacific in 2012, and ICT Entrepreneur of the Year by Ernst & Young in 2003.
The Globe leader was also a Lasallian Achievement Awardee in 2019 and on the Top 3 Best CEO list by Finance Asia in 2010, 2015, and 2016. He is the only Filipino executive who has landed in the 100 most influential telecom leaders worldwide for five straight years by London-based Global Telecoms Business Magazine Power 100.
To learn more about Globe, visit www.globe.com.ph.
