Secretary Alfredo Pascual tendered his resignation as head of the Department of Trade and Industry (DTI) to return to the private sector, Malacañang said on Wednesday.
The Presidential Communications Office (PCO) said Pascual personally submitted his resignation letter to President Marcos.
“His focus on MSMEs was absolutely correct, and we are beginning to see the fruits of that policy. We are sorry to lose him, but we respect his decision that this is the time for him to return to the private sector,” Mr. Marcos said in a statement.
The PCO said the President would immediately look for a successor to ensure a seamless transition and to avoid a leadership vacuum at the DTI.
For his part, Pascual expressed gratitude for the opportunity to serve the Marcos administration, highlighting the collective achievements of the DTI during his tenure.
“With a full heart and unwavering commitment to our nation’s economic growth and development, I accepted the invitation to serve as Secretary of Trade and Industry under the Marcos Jr. administration. This role has been one of the most challenging yet fulfilling experiences of my career,” Pascual said in a separate statement.
He emphasized his continued dedication to contributing his expertise and experience to the nation’s economic progress from the private sector.
Pascual said aside from settling back into private life, he also looks forward to spending more time with his family.
“I thank the President for the opportunity to serve our beloved country under his leadership and contribute to the building of a Bagong Pilipinas,” he said.
Editor’s Note: This is an updated article. Originally posted with the headline: Palace says DTI Secretary Alfredo Pascual has resigned
