MANILA, July 2 (PNA) — The Energy Development Corporation (EDC) has appointed Wilfredo Malonzo, outgoing vice president for Supply Chain Management Group, as the new Head of Strategic Contracting.
Based on a disclosure with the Philippine Stock Exchange (PSE) Wednesday, Malonzo was appointed to the new position Tuesday, after Marcelino M. Tongco stepped down from the Senior Vice President for Strategic Contracting position on June 30 due to retirement. Malonzo assumed his task starting July 1.
On the same day, the function of Malonzo’s former office was combined to the Finance Group led by Chief Financing Officer (CFO) and Senior Vice President (SVP) for Finance Nestor Vasay.
Malonzo became part of EDC’s management in January 2012 through the approval of the Board of Directors.
He is an expert in the supply chain management industry in multi-cultural countries, spanning Asia and Europe. His track record includes Head of Indirect Sourcing at the Philippines and Southeast Asia Cluster of Novartis Healthcare Philippines Inc, Strategic Sourcing Manager of On Semiconductor Philippines Inc and Supply Chain Manager at Intel Technology Philippines Inc.
He obtained a degree in Mechanical Engineering Technology from the De La Salle University (DLSU) in 1984.
Lopez led-EDC is the largest geothermal energy company in the world, with its investments reaching other countries such as Peru, Chile and Indonesia.
Last June 6, the company had signed a Memorandum of Understanding (MOU) with New Zealand’s GNS Sciences, in which the latter will provide earth, geosciences and isotope research, along with consultancy services to tap the economic, social and environmental capacity of the company in its various projects around the world.
The company’s local geothermal projects includes the Bacman Geothermal Production Field, Mindanao Geothermal Production Field, Northern Negros Geothermal Production Field, Southern Negros Geothermal Production Field and the Leyte Geothermal Production Field.
Meanwhile, EDC also has investments in the hydro-electric energy sector through the Pantabangan and Masiway power plants. (PNA)