MANILA, Philippines – Business tycoon Eduardo “Danding” Cojuangco, Jr. has passed away. He was 85.
Cojuangco’s death was announced on Wednesday by San Miguel Corporation, where he served as chairman and CEO for more than two decades.
“San Miguel Corporation announces the passing of its Chairman and Chief Executive Officer, Mr. Eduardo M. Cojuangco Jr., on the evening of June 16, 2020,” the company said in a statement.
Cojuangco had been chairman and CEO of San Miguel Corporation since July 1998. He helped shaped the company into one of the country’s largest conglomerates whose stakes include food, beverages, energy, power, oil refining, and infrastructure.
Aside from being a businessman, Cojuangco also ventured into politics as he chaired National People’s Coalition (NPC) party which fielded candidates in local and national races since 1990s.
He also ran for president in 1992 elections but lost to Fidel V. Ramos.
Cojuangco is a cousin of the late President Corazon “Cory” Cojuangco-Aquino and uncle of former President Benigno “Noynoy” Aquino III.
Meanwhile, Malacañang condoled with the Cojuangco family as it lauded his “immense” contribution to the socioeconomic development of the Philippines through the San Miguel Corporation.
“We are deeply saddened by the passing of Mr. Eduardo “Danding” Cojuangco, Jr., at the age of 85,” Presidential Spokesperson Harry Roque said in a statement.
“The Palace offers its fervent prayers for the eternal repose of the soul of Mr. Cojuangco as we convey our heartfelt condolences to his family, colleagues, friends, and loved ones,” he added.
NPC members, including former Senator and now Sorsogon Governor Chiz Escudero, former Senator JV Ejercito, Senator Sherwin Gatchalian and Senate President Vicente Sotto III, also mourned Cojuangco’s passing. – RRD (with details from Correspondent Rosalie Coz)