Crisanta Legaspi, deputy privatization officer of the Privatization Management Office, has been named as the new Finance Undersecretary for Privatization, replacing John Sevilla who resigned last Sept. 30.
Department of Finance (DOF) officials said Malacañang has handed down Legaspi’s appointment papers although Finance Secretary Margarito Teves has yet to make an official announcement on the matter.
Teves and other ranking Finance officials were unavailable for comment yesterday as they were at the House of Representatives for the marathon debates on the budget for 2008.
Sources at the DOF said Legaspi’s experience in the privatization of state-owned assets, gave her an edge over two other prospective candidates for the position.
Legaspi is not new to the government, having served as Director IV of the DOF’s Privatization Management Office, since the time of former Finance Secretary Jose Isidro Camacho.
Legaspi is deputy privatization officer for Marketing of the PMO, which is the lead agency in the government’s privatization program. The PMO is an attached agency of the Finance department.
Privatization of state-owned assets is considered a crucial part in the government’s efforts to generate revenues. This year, the DOF is eyeing to raise P70 billion from the privatization of state assets this year and roughly P35 billion next year.
By Iris C. Gonzales (The Philippine Star) Published October 09, 2007
Crisanta Legaspi is from SJS Class of 1969.
She is the SJSAA President from 2000-2005
