Eugenio Lopez III

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Eugenio L. López III
Eugenio Lopez, III.jpg
Born
Eugenio Gabriel L. López III

(1952-08-13) August 13, 1952 (age 67)
Manila, Philippines
ResidenceManila
Alma materBowdoin College
Harvard Business School
Occupation
Net worthDecreaseUS$90 million (2011)[1]
Spouse(s)Babsie Chuidian
Panjee Tapáles
ChildrenSarah Nicole López Weston
Eugenio López IV
Santiago López
Andrés López
Parent(s)
Websitecorporate.abs-cbn.com/about-us/our-leadership

Eugenio Gabriel "Gabby" L. López III, (born August 13, 1952), is the chairman emeritus of ABS-CBN Corporation, the largest entertainment and media conglomerate in the Philippines. He is also director and treasurer of López Holdings Corporation (formerly Benpres Holdings Corporation).

Biography[edit]

López became the chairman and chief executive officer of ABS-CBN Broadcasting Corporation in 1996. He was president of the company from 1993 to 1996. His mother, Conchita "Chita" La'O was one of the daughters of the wealthy Chinese-Filipino La'O family of Manila, whose other daughter married into the city's old Manotoc clan (making her an aunt of Tommy Manotoc, a former basketball coach, golfer and former husband of Imee Marcos, the eldest daughter of President Ferdinand Marcos).

ABS-CBN has enjoyed network supremacy since its founding in 1953, apart from the years 1972 to 1986, when the company and all its affiliates were wrested from the Lópezes by the Marcos government. During this period and following his education, López employed at the Crocker National Bank, where he served as Assistant Vice President in the bank's back-office processing area. He had an undistinguished banking career in the United States while waiting for work in his family's media and utility interests in the Philippines.

When control of the company was restored by the Aquino administration in 1986, López started with ABS-CBN as Director of Finance. He was appointed General Manager a year later and the network regained its supremacy shortly after.

Under his leadership, ABS-CBN enjoyed steady growth, while aggressively pursuing diversification. These include interactive media, sound recording, post-production, international cable and satellite distribution, sports programming and licensing and merchandising.

A visionary, he created the López Communications Group (CommGroup) in 1997. CommGroup is the management committee that oversees the development and implementation of convergence strategies for ABS-CBN, BayanTel, Sky Cable, and the López Group's investments in telecommunications and cable telephony and data warehousing across the three companies. He is also the Chairman and Chief Executive Officer of CommGroup.

López holds a Bachelor of Arts in Political Science from Bowdoin College (1970-1974) and a Master of Business Administration from Harvard Business School (1978-1980). He is a member of the prominent López family of Iloilo; his father, Eugenio "Geny" M. López, Jr., was one of the pioneers of the Philippine television industry.

In 2012, he retired as CEO of ABS-CBN and was succeeded by the ABS-CBN president Charo Santos-Concio. He stepped down as chairman of the conglomerate six years later, being elected as Chairman Emeritus on April 18, 2018. His cousin, Martin "Mark" L. López, who served as the company's Chief Technology Officer, was elected as the new chairman of the board.

Recognitions[edit]

  • 2014 Tanglaw ng Araw Award, 9th Araw Values Awards
  • 2014 Lifetime Achievement Award, 22nd Kapisanan ng mga Brodkaster ng Pilipinas (KBP) Golden Dove Awards

In popular culture[edit]

López was portrayed by Mark Anthony Fernandez in the 1995 film Eskapo.

References[edit]

  1. ^ Victoria, Eliza (June 24, 2011). "Sy leads 11 PH billionaires on Forbes list". Philippine Daily Inquirer.

External links[edit]

Preceded by
First
ABS-CBN Chairman-Emeritus
April 18, 2018 – present
Succeeded by
Vacant
Preceded by
Eugenio M. López, Jr.
ABS-CBN Chairman
May 26, 1997 – April 18, 2018
Succeeded by
Mark L. López
Preceded by
Eugenio M. López, Jr.
ABS-CBN President/CEO
May 26, 1993 – May 26, 1997
Succeeded by
Freddie M. Garcia
Preceded by
Luis F. Alejandro
ABS-CBN President (interim)
March 16, 2006 – March 3, 2008
Succeeded by
Charo Santos-Concio
Preceded by
Gina Lopez
ABS-CBN Linkod Kapamilya Chairperson
June 30, 2016 – May 3, 2017
Succeeded by
Gina Lopez