Connect with us

Business and Economy

SMC chair Danding Cojuangco dies at 85

Published

on

Cojuangco succumbed to pneumonia and heart attack, his family confirmed in a separate statement. (File photo courtesy of San Miguel Corp. via PNA)

MANILA – San Miguel Corp. (SMC) chairman and chief executive officer (CEO) Eduardo “Danding” Cojuangco Jr. died on Tuesday evening. He was 85.

SMC corporate information officer Ferdinand Constantino announced Cojuangco’s death on Wednesday in a disclosure to the Philippine Stock Exchange (PSE).

Cojuangco succumbed to pneumonia and heart attack, his family confirmed in a separate statement.

Malacañang, meanwhile, expressed its sympathies and condolences to the Cojuangco family.

“The Palace offers its fervent prayers for the eternal repose of the soul of Mr. Cojuangco as we convey our heartfelt condolences to his family, colleagues, friends, and loved ones,” Presidential Spokesperson Harry Roque said in a press statement.

Cojuangco has been the chairman of the board and CEO of the conglomerate since July 7, 1998.

Named as the 16th richest man in the Philippines by Forbes magazine in 2019, he has a strong presence in the Philippine business scene.

Apart from being SMC chairman, Cojuangco also chaired the Ginebra San Miguel, Inc., San Miguel Food and Beverage, Inc., Petron Corp., ECH & Sons Agricultural Enterprises, Inc., and Northern Cement Corp.

He also served as a former governor and congressman of Tarlac and ambassador to the United States.

Roque remembered Cojuangco’s “immense contribution” to the socio-economic development of the Philippines through SMC’s operations in food, beverages, energy, power, oil refining, and infrastructure.

“SMC has provided livelihood opportunities to tens of thousands of our countrymen as direct workforce, and creation of additional jobs as suppliers, distributors, retailers, and the like,” he said.

In separate statements, Presidential Communications Operations Office Secretary Martin Andanar and Cabinet Secretary Karlo Nograles also mourned the death of Cojuangco.

Andanar recognized that Cojuangco, as head of SMC, enabled the company to generate thousands of livelihood and employment opportunities that benefitted thousands of Filipino families.

Roque and Andanar also lauded Cojuangco for being a “reliable partner” of the government in mitigating the impact of the coronavirus disease 2019 (Covid-19) in the country by extending assistance to front-liners and vulnerable sectors.

“Even during the Covid-19 pandemic, Mr. Cojuangco and SMC have extended assistance not only to the front-line personnel and vulnerable sectors but also to the government in mitigating the impact of the pandemic,” Andanar said.

He said Cojuangco’s passing was “not only a loss of a patriarch to his loved ones and SMC but also a loss of a philanthropist to the people and a reliable partner of the government in poverty alleviation and economic development.”

Nograles said Cojuangco’s wisdom and business acumen will be “sorely missed.”

He also bade farewell to Cojuangco “with the knowledge that (the latter) will find peace and blessedness of spirit.”

“We mourn and grieve the passing of a true titan, one of the last of his kind, in Philippine business and politics,” Nograles said. “His (Cojuangco) verve for life will continue to inspire those he leaves behind.” (with reports from Leslie Venzon/PNA)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Maria in Vancouver

Lifestyle17 hours ago

Nobody Wants This…IRL (In Real Life)

Just like everyone else who’s binged on Netflix series, “Nobody Wants This” — a romcom about a newly single rabbi...

Lifestyle1 week ago

Family Estrangement: Why It’s Okay

Family estrangement is the absence of a previously long-standing relationship between family members via emotional or physical distancing to the...

Lifestyle2 months ago

Becoming Your Best Version

By Matter Laurel-Zalko As a woman, I’m constantly evolving. I’m constantly changing towards my better version each year. Actually, I’m...

Lifestyle2 months ago

The True Power of Manifestation

I truly believe in the power of our imagination and that what we believe in our lives is an actual...

Maria in Vancouver3 months ago

DECORATE YOUR HOME 101

By Matte Laurel-Zalko Our home interiors are an insight into our brains and our hearts. It is our own collaboration...

Maria in Vancouver3 months ago

Guide to Planning a Wedding in 2 Months

By Matte Laurel-Zalko Are you recently engaged and find yourself in a bit of a pickle because you and your...

Maria in Vancouver4 months ago

Staying Cool and Stylish this Summer

By Matte Laurel-Zalko I couldn’t agree more when the great late Ella Fitzgerald sang “Summertime and the livin’ is easy.”...

Maria in Vancouver4 months ago

Ageing Gratefully and Joyfully

My 56th trip around the sun is just around the corner! Whew. Wow. Admittedly, I used to be afraid of...

Maria in Vancouver5 months ago

My Love Affair With Pearls

On March 18, 2023, my article, The Power of Pearls was published. In that article, I wrote about the history...

Maria in Vancouver6 months ago

7 Creative Ways to Propose!

Sometime in April 2022, my significant other gave me a heads up: he will be proposing to me on May...