A well-known billionaire, who was relegated to the position of chairman last year of the company he has established and aggressively expanded to become a giant in its field and beat a major foreign brand, is reportedly back to handle the day-to-day operations.
Talks have been circulating in the business community that the billionaire is back, less than a year after handing over the presidency to a very close relative, after the company suffered problems last year which affected its operations.
He was also reportedly present and delivered a speech during one of the national conventions that the company conducts annually for employees.
The business community, especially the shareholders, welcomes the news, as the billionaire is the one responsible for transforming the company into a dominant leader in its sector, not only in the Philippines but in Asia as well. He was able to do it through rapid expansion and strategic acquisitions.
In 2014, the company reported a net income growth in the low teens. While it was a decent growth for the company, it was a far cry from the mid-20s growth the company posted in 2013.
Who wouldn’t Bee Happy with his comeback?