Globe Telecom Management

Management criteria checks 2/4

Globe Telecom's CEO is Ernest Lawrence Cu, appointed in Apr 2009, has a tenure of 15.58 years. directly owns 0.21% of the company’s shares, worth ₱646.75M. The average tenure of the management team and the board of directors is 7.8 years and 3.1 years respectively.

Key information

Ernest Lawrence Cu

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	15.6yrs
CEO ownership	0.2%
Management average tenure	7.8yrs
Board average tenure	3.1yrs

Recent management updates

Recent updates

CEO

Ernest Lawrence Cu (63 yo)

15.6yrs

Tenure

Mr. Ernest Lawrence L. Cu serves as Strategic Advisor at 01Fintech. He serves as Chairman of the Board at Globe Fintech Innovations, Inc. (also known as Mynt). Mr. Cu is a Venture Partner at Amasia.He ser...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ernest Lawrence Cu	President	15.6yrs	no data	0.21% ₱ 646.8m
Juan Carlo Puno	Treasurer	less than a year	no data	0.00088% ₱ 2.7m
Rebecca Eclipse	Chief Transformation & Operations Officer and Chief Customer Experience Officer	2.8yrs	no data	0.031% ₱ 93.7m
Raul Macatangay	Chief Information Officer	2.5yrs	no data	0.0054% ₱ 16.3m
Jose Fajardo	Director of Investors Relations	no data	no data	no data
Vicente Froilan Castelo	General Counsel and Head of the Corporate & Legal Services Group	13.6yrs	no data	0.0044% ₱ 13.3m
Marisalve Ciocson-Co	Senior VP of Legal & Compliance	7.6yrs	no data	0.0088% ₱ 26.6m
Maria Yolanda Crisanto	Chief Sustainability & Corporate Communications Officer	15.1yrs	no data	0.0046% ₱ 13.9m
Renato Jiao	Chief Human Resource Officer	no data	no data	0.028% ₱ 85.4m
Robert Wiggins	Chief Technical Advisor	no data	no data	no data
Robert Tan	Chief Technical Adviser & Consultant	13.9yrs	no data	no data
Anton Reynaldo Bonifacio	Chief Information Security Officer & Chief AI Officer	7.8yrs	no data	no data

7.8yrs

Average Tenure

61yo

Average Age

Experienced Management: GLO's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Ernest Lawrence Cu	President	15.6yrs	no data	0.21% ₱ 646.8m
Delfin Lazaro	Non-Executive Director	27.8yrs	₱4.44m	0% ₱ 0
Jaime Augusto-Miranda de Ayala	Non-Executive Chairman	35.7yrs	₱7.28m	0% ₱ 0
Natividad N. Alejo	Independent Director	1.6yrs	₱4.74m	0.000070% ₱ 211.2k
Cezar Juan Consing	Co-Vice Chairman	3.6yrs	₱5.04m	0% ₱ 0
Antonio Jose Periquet	Independent Director	1.6yrs	₱4.74m	0.022% ₱ 67.9m
Cirilo Noel	Lead Independent Director	6.6yrs	₱6.88m	no data
Ramon Jocson	Independent Director	1.6yrs	₱4.64m	no data
Kuo Pin Ng	Non-Executive Director	3.1yrs	₱5.04m	0% ₱ 0
Jaime Alfonso Antonio Eder de Ayala	Non-Executive Director	2yrs	₱4.74m	0% ₱ 0
Mee Ling Tan	Co-Vice Chair	1.6yrs	₱4.14m	0% ₱ 0

3.1yrs

Average Tenure

64yo

Average Age

Experienced Board: GLO's board of directors are considered experienced (3.1 years average tenure).

Globe Telecom Management

Management criteria checks 2/4

Key information

Recent management updates

Globe Telecom, Inc. Appoints Carl Raymond R. Cruz as Deputy Chief Executive Officer, Effective 1 January 2025

Insider recently sold ₱18m worth of stock

Insider recently sold ₱7.1m worth of stock

Insider recently sold ₱6.7m worth of stock

Globe Telecom, Inc. Announces Management Changes

Insider recently sold ₱6.0m worth of stock

Recent updates

New minor risk - Earnings quality

Third quarter dividend of ₱25.00 announced

Third quarter 2024 earnings released: EPS: ₱39.29 (vs ₱32.08 in 3Q 2023)

Globe Telecom, Inc. Appoints Carl Raymond R. Cruz as Deputy Chief Executive Officer, Effective 1 January 2025

Insider recently sold ₱18m worth of stock

Insider recently sold ₱7.1m worth of stock

Insider recently sold ₱6.7m worth of stock

Globe Telecom, Inc. Announces Management Changes

Second quarter dividend of ₱25.00 announced

Second quarter 2024 earnings released: EPS: ₱51.18 (vs ₱47.21 in 2Q 2023)

Globe Telecom, Inc. Approves Third Quarter Cash Dividend, Payable on September 5, 2024

Insider recently sold ₱6.0m worth of stock

First quarter dividend of ₱25.00 announced

First quarter 2024 earnings released: EPS: ₱44.81 (vs ₱47.48 in 1Q 2023)

Globe Telecom, Inc. Approves Second Quarter Cash Dividend, Payable on June 13, 2024

Globe Telecom, Inc. Announces the Appointment of Atty. Maria Franchette M. Acosta as Corporate Secretary

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₱160 (vs ₱245 in FY 2022)

Upcoming dividend of ₱25.00 per share at 5.8% yield

Third quarter dividend of ₱25.00 announced

Globe Telecom, Inc. Approves the Declaration of the First Quarter Cash Dividend, Payable on March 7, 2024

Globe Telecom, Inc. to Report Q4, 2023 Results on Feb 07, 2024

Globe Telecom, Inc., Annual General Meeting, Apr 24, 2024

New minor risk - Earnings quality

Upcoming dividend of ₱25.00 per share at 5.6% yield

Globe Telecom, Inc. Approves the Declaration of the Fourth Quarter Cash Dividend , Payable on December 1, 2023

Now 21% undervalued

Now 21% undervalued

New minor risk - Earnings quality

Globe Telecom, Inc. Announces Third Quarter 2022 Cash Dividend, Payable on September 8, 2023

Second quarter 2023 earnings released: EPS: ₱47.21 (vs ₱39.65 in 2Q 2022)

CFO, Treasurer & Chief Risk Officer recently bought ₱1.9m worth of stock

Unity Digital Infrastructure, Inc. signed an Asset Sale and Purchase Agreement to acquire 447 telecommunications towers from Globe Telecom, Inc. (PSE:GLO) for PHP 5.4 billion.

First quarter 2023 earnings released: EPS: ₱47.49 (vs ₱102 in 1Q 2022)

Globe Telecom, Inc. Approves Second Quarter Cash Dividend, Payable on June 2, 2023

CFO, Treasurer & Chief Risk Officer recently bought ₱2.9m worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

CFO, Treasurer & Chief Risk Officer recently bought ₱1.4m worth of stock

Senior VP of Law & Compliance recently sold ₱2.4m worth of stock

Globe Telecom, Inc. Declares First Quarter Cash Dividend, Payable on March 8, 2023

Senior VP of Law & Compliance recently sold ₱430k worth of stock

Senior VP of Law & Compliance recently sold ₱1.1m worth of stock

Insider recently sold ₱3.1m worth of stock

Globe Telecom, Inc., Annual General Meeting, Apr 25, 2023

Globe Telecom, Inc. Announces Executive Changes

Consensus forecasts updated

Less than half of directors are independent

Globe Telecom, Inc. Elects Jaime Alfonso Antonio Zobel De Ayala as Member of Board of Directors

Philtower Consortium Inc. signed definitive agreement to acquire 1,350 telecommunication towers and related passive infrastructure from Globe Telecom, Inc. for PHP 20 billion.

Insider recently sold ₱3.2m worth of stock

Zobel De Ayala Resigns as Member and Co-Vice Chairman of Board of Globe Telecom, Inc

Globe Telecom, Inc. Announces Board and Committee Changes

Miescor Infrastructure Development Corporation signed definitive agreement to acquire 2,180 telecom towers and related passive infrastructure of Globe Telecom, Inc. for approximately PHP 26.2 billion.

Second quarter 2022 earnings released: EPS: ₱39.65 (vs ₱41.45 in 2Q 2021)

Globe Telecom, Inc. Announces Third Quarter 2022 Cash Dividend, Payable on September 9, 2022

Consensus forecasts updated

Upcoming dividend of ₱27.00 per share

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Globe Telecom, Inc. Declares Second Quarter Cash Dividend, Payable on June 3, 2022

Less than half of directors are independent

Globe’s Asticom in Talks for JVs, Acquisitions

Globe Telecom, Inc. Announces Appointment of Raul Macatangay as Chief Information Officer Effective May 1, 2022

President recently bought ₱256k worth of stock

President recently bought ₱28m worth of stock

Globe Telecom, Inc. Provides Consolidated Earnings Guidance for the Year 2022

Globe Telecom, Inc. Announces Cash Dividend for the First Quarter of 2022, Payable on March 10, 2022

Price target increased to ₱2,975

Insider recently sold ₱15m worth of stock

Price target increased to ₱2,765