LONGTIME property executive Willibaldo J. Uy, who was the president and chief executive officer of mass housing developer 8990 Holdings Inc., passed away on Tuesday after suffering a heart attack. He was 61.
“It is with great sadness that the company announces the passing of Mr. Willibaldo J. Uy, our president and CEO. The company deeply mourns the passing of Mr. Willibaldo J. Uy. The company will continue to remember and appreciate his achievements for, and contributions to, the company,” 8990 said in its disclosure.
It said it will appoint a new president soon. The company’s chief operating officer, Alexander Ace Sotto, has been appointed as 8990 president in an acting capacity, it said.
Uy became the chief executive of 8990 in 2018, replacing another longtime executive Januario Jesus Gregorio Atencio III.
Uy first became the COO and member of the board of directors of 8990 in 2016. Prior to that, he was an independent director of 8990 from August 2012 through January 2016.
At the same time, Uy also holds several positions at the Phinma Group of companies.
“If you’re talking about experience, relationships in the industry, Willi actually has it, as well. He really makes the perfect decision to become the CEO,” Atencio said in 2017 as he stepped down from the post at 8990.