Globe CFO nominated for award

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globecfo20131102

CFO Albert de Larrazabal

Globe Telecom Chief Financial Officer and Treasurer Albert de Larrazabal has been shortlisted for the 2013 CFO of the Year Award given by CFO Innovation Asia.

CFO Innovation Asia is the only online publication exclusively for top-level finance managers in the corporate sector in Asia and China.

“The company’s consistent growth emboldens us to face existing market challenges with better pricing structures that differentiate our customized products and innovative solutions for our 36 million consumer and business customers,” de Larrazabal said.

He added that, “Progressively, we are beginning to feel the tangible results of our transformation programs, especially on our network, which will allow us to create new markets and new businesses.”


As CFO of Globe, de Larrazabal is instrumental in driving the company’s success over the past several years.

His strong grasp of the telecommunications business enabled Globe to sustain its growth momentum by providing strategic funding and advisory support to its various business segments, bringing the company’s revenue and subscriber base to record levels despite heightened competition.

Best financial officers

The CFO Innovation Asia Awards recognizes the achievements of the very best financial managers in Asia. Now on its second year, the awards acknowledge not only chief financial officers and their teams, but also the firms that provide them with the cutting edge services, support, strategies and technologies that enable their success.

Nominated chief financial officers are those that have instituted innovations over the past year that resulted in outstanding outcomes that include significantly lower total cost of finance, faster monthly closing, speedier completion of quarterly and annual reports, more accurate forecasting, budgeting and stress testing, and big customer and revenue wins.

In 2012, Globe’s consolidated revenues reached a record high of P82.7 billion, a 6-percent rise from a year earlier following robust performance from its mobile, broadband and fixed-line data businesses.

The company’s subscriber base also reached an all-time high of 33.12 million at the end of 2012, a 10-percent growth from a year earlier.

This year’s awards ceremony will be held on November 19 in Singapore. The winner will be chosen based in part on a voting poll by the readers of CFO Innovation paired with expert judging by experienced CFOs and industry leaders.

“We are deeply grateful for the international recognition of the underlying efforts we are doing in Globe,” de Larrazabal said.

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