NP Board designates Chief Legal Counsel again as Napocor OIC Prexy as Marcos resigns

The National Power Board early this week has designated National Power Corporation (Napocor) Acting SVP & COO and Vice President/Legal Counsel Atty. Melchor Ridulme as Officer-in-Charge after sitting OIC DOE Undersecretary Donato Marcos tendered his resignation, effective immediately.

Marcos who stated health issues in his notice of resignation said that he also wants to concentrate on his role as career undersecretary at the Department of Energy in the meantime.
Atty. Ridulme will be Napocor’s OIC until a new Appointive Director is nominated by President-elect Ferdinand Marcos, Jr. and formally elected as President and CEO by the National Power Board.

The NP Board has given him authority to approve and act on pressing matters that confront Napocor. This includes but is not limited to the following: sign contracts relating to the procurement of goods and services, approve disbursements of the corporation’s financial transactions, release funds and approve payroll of employees and personnel, issue office orders, and memoranda, and sign promotional appointments of employees.

Meanwhile, Atty. Ridulme said that the Corporation has recently finalized its inputs for the transition report being prepared by the Department of Finance for the next administration.
“Napocor management and our Office of the Corporate Secretary are also updating documents and presentations for the incoming Cabinet Secretaries and their alternates who will make up Napocor’s Governing Board,” Ridulme said.