Ayala-led ACE Enexor has named Rolando “Don” Paulino, Jr. as its new president and one of its directors effective January 1, 2022.
In a disclosure to the Philippine Stock Exchange, Enexor said Paulino will be serving the unexpired portion of incumbent president Raymundo Reyes, Jr.’s term. Reyes, who resigned from his current post due to Enexor’s organizational restructuring, will continue to be with the company as its general manager also come the new year.
Until September this year, Paulino was the managing director of Shell Philippines Exploration B.V. (SPEX), which sold its 45% operating stake in the Malampaya gas project to Udenna Corporation back in May.
Paulino has 27 years of international senior leadership experience in the energy sector and has worked in various sites in the United Kingdom, Malaysia, Australia, and the Philippines.
Paulino currently serves as the president of the Philippine Energy Independence Council and of the Petroleum Association of the Philippines. He is also a Fellow of the Institute of Corporate Directors and of the ASEAN Academy for Engineering and Technology, and a trained Executive Coach. The soon-to-be Ayala executive also teaches part-time at De La Salle University and the University of Santo Tomas.
Enexor, a subsidiary of ACEN, owns the exploration rights to the Service Contract (SC) 55 block southwest of Malampaya’s SC38, also in the West Philippine Sea off the coast of Palawan. SC55 is currently under force majeure.
ACEN President and CEO Eric Francia said during Power Podcast‘s first episode in November that the firm is in the process of transferring its thermal assets to Enexor as part of its energy transition strategy. ACEN itself aims to have an all-renewables portfolio by 2025.