Clark Freeport, Pampanga—Clark Development Corp. president Arthur Tugade has announced his resignation, citing health and politics. His resignation will take effect April 26, sources said.
Tugade announced his decision before 700 Clark employees during the flag ceremony Monday.
Tugade, who is openly campaigning for Davao City Mayor Rodrigo Duterte, his classmate at the San Beda College of Law, also said he did not want to be labeled as an opportunist—staying with the government while campaigning for another candidate.
During his incumbency as president and chief operating officer of CDC, Tugade was able to raise the income of the Freeport and remitted P720 million this year to the national government.
The source also said he is most remembered for prohibiting employees from receiving gifts neither in cash or in kind from the locators inside the base.