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Incoming Transport Secretary Jaime J. Bautista has quit his posts in the private sector as he prepares to assume his office at the Department of Transportation
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Bautista has resigned as independent director of Belle Corp., Premium Leisure Corp., and Nickel Asia Corp., according to stock exchange disclosures he filed on June 28 and June 29
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His resignations took effect on June 29
Jaime J. Bautista, the incoming transport secretary, has resigned from his posts in the private sector as he prepared to assume as head of the Department of Transportation (DOTr).
In separate disclosures to the stock exchange on June 28 and 29, Bautista tendered his resignation as independent director of Belle Corp., Premium Leisure Corp., and Nickel Asia Corp.
His resignation is effective on June 29.
Bautista has been named as the new transport secretary in the incoming administration President-elect Ferdinand Marcos Jr. The Marcos administration assumes office on July 1.
On June 28, DOTr said the incoming transport chief met with outgoing Transport Secretary Arthur Tugade to discuss the agency’s ongoing projects and its accomplishments in the last six years.
Bautista was president and chief operating officer of PAL until his retirement in 2019. He had worked for the flag carrier for 26 years, where he was president and chief operating officer for 13 years.
Bautista also held various executive positions in other businesses under the Lucio Tan Group of Companies, including Macroasia Corp., Macroasia Services Corp., Macroasia Airport Services Corp., Macroasia Properties Development Corp., and ETON Properties Philippines Inc.
He was also a non-executive director in Cosco Capital Inc., Philippine Bank of Communications, Alphaland Corp., Airspeed International Corp., and Gothong Southern Shipping Lines Inc.
He was likewise vice chairman of the Philippine Eagle Foundation and a member of the Board of Trustees of the University of the East, the UE Ramon Magsaysay Medical Memorial Center, and the International School of Sustainable Tourism.
The incoming transport chief graduated magna cum laude in 1977 from the Colegio de San Juan de Letran with a Bachelor of Science in Commerce, major in accounting. He is a Certified Public Accountant. He received his Doctorate in Humanities, honoris causa, from the Central Luzon State University in 2018.
