The board of property developer Robinsons Land Inc. and its real estate investment trust RL Commercial REIT Inc. have accepted the resignation of Frederick D. Go, where he is chief executive officer and chairman, respectively, as the young Presidential Adviser on Investment and Economic Affairs joins the government.
The position extends Go the rank of a Cabinet Secretary.
JG Summit Holdings president and CEO Lance Gokongwei is taking over as RLC CEO starting January 8. The Gokongwei Group has no official statement yet on who will take over as chairman of RCR.
Gokongwei is currently chairman of RLC’s board of directors as well as director of RCR’s board.
President Ferdinand Marcos Jr. has appointed the young Go as special assistant to the President for Investment and Economic Affairs, a newly-created position with the rank of Secretary under the Office of the President.
President Marcos issued Executive Order 49 creating the Office of the Special Assistant to the President for Investment and Economic Affairs to be headed by Go.
“There is a need to further strengthen the existing mechanisms for formulation, coordination and implementation of the government’s economic initiatives, plans, policies and programs, as well as to establish a robust monitoring system to ensure a holistic and cohesive approach to addressing the diverse economic challenges currently confronting the nation,” the presidential mandate said.
Go’s responsibilities include coordinating with the Economic Development Group (EDG) in identifying problems in the implementation of priority economic initiatives of the Marcos administration.
He provides relevant and strategic advice on economic concerns to the President, ensure the timely execution of priority economic initiatives and the realization of investment pledges.
