Duterte names PSALM President and CEO

27 May 2018

MalacaƱang names Atty. Irene Joy Besido Garcia as Director and President and Chief Executive Officer of the Power Sector Assets and Liabilities Management Corporation (PSALM). With the signing by President Rodrigo R. Duterte of her appointment paper, the Board of Directors of PSALM held a Special Board Meeting on 25 May 2018 for the assumption of Atty. Garcia to the positions.

Atty. Garcia will be leading PSALM in optimizing the proceeds from the sale of power generation and real estate assets, settling the outstanding financial obligations and liabilities of PSALM and administering the Universal Charge (UC) among other urgent matters besetting the Corporation.

Prior to her appointment in PSALM as its seventh chief executive, Atty. Garcia worked in a full-service law firm for more than 19 years with her legal expertise ranging from litigation to corporate law. She was a Senior Partner at the Kapunan Garcia and Castillo Law Offices from years 2006 to 2017 and served as the Managing Partner from years 2011 to 2014, taking charge of administrative and operational concerns of the firm.

Atty. Garcia is a luminary in corporate law with vast exposure in complex commercial cases, securities transactions, due diligence examinations, franchising, joint ventures and special corporate projects. In the area of litigation, she has extensive experience in handling family law cases, estate disputes, probate cases, election contests, labor issues, taxation matters and civil cases. She served as a member of the Board of Directors of the International Lawyers Network, an association of legal experts with presence in 66 countries.

Atty. Garcia obtained both her BA Communication Research, cum laude (1994) and Bachelor of Laws (1998) from the University of the Philippines, Diliman. She passed the 1998 Bar exams.

Corporate Communications Division
Tel. No. (632) 9029067