Ramon Lopez formally resigns from RFM to head DTI
Ramon M. Lopez has formally resigned as vice president and executive assistant to the president and CEO of RFM Corp. to head the Department of Trade and Industry.
In a disclosure to the stock exchange, RFM said the effectivity of Lopez’s resignation is on June 29, 2016.
“Mr. Ramon M. Lopez was appointed by President-elect Rodrigo R. Duterte as incoming Secretary of the Department of Trade and Industry effective June 30, 2016. Republic Act No. 6713 (Code of Conduct and Ethical Standards for Public officials) and its implementing rules and regulations prohibit all public officials to continue their private employments and mandate the divestment of all their interests in private enterprises so as to avoid a possible conflict of interest, or any semblance thereof, in the performance of their duties,” RFM said.