Cojuangco, San Miguel Corporation’s Chairman and Chief Executive Officer died of pneumonia and heart failure before 11 p.m. on Tuesday at the St. Luke’s Medical Center.
Cojuangco or ECJ as he is known to executives and employees in his business empire, was last seen chairing the annual stockholders’ meeting of SMC oil subsidiary Petron Corporation on June 2.
Known as “Boss Danding” to many of the country’s political figures, he founded the political party Nationalist People’s Coalition (NPC) in 1992, and ran against Fidel V. Ramos in the presidential race in the same year.
Prior to running for president, Cojuangco served as Governor of Tarlac City from 1967 – 1969, and became Tarlac’s 1st District Representative from 1969 to 1972.
He just turned 85 on June 10.
The Philippine Basketball Association (PBA) in a tweet, paid tribute to Cojuangco, who owns three teams in the league, namely: San Miguel Beermen, Barangay Ginebra San Miguel, and Magnolia Hotshots.
“Chairman and CEO of San Miguel Corp., politician, diplomat, businessman, team owner, sports patron… Thank you for your countless contribution to the PBA and sports!” the association tweeted.
“Our prayers and condolences to his family and loved ones. Requiescat in pace!” the PBA added.
Cojuangco also held positions in Ginebra San Miguel Inc as Chief Executive Officer, and in Petron Corporation as Chairman of the Board.
Cojuangco also owns “private cement-manufacturing business and invested in orchards, stud farms, and wineries in Australia,” according to Forbes.
In 2019, Forbes named Cojuangco as the 16th richest man in the Philippines with a net worth of $1.4 billion.
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