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Byline: Abigail L. Ho
THE BOARD OF PETRON CORP. has named former Finance Undersecretary Eric Recto as its new president.
Recto, a nominee of 51-percent Petron owner Ashmore Group, has been a director at the oil firm since July.
The appointment took effect Tuesday, the same day he was presented to employees as the companys new chief.
The 45-year-old former member of the Cabinet is also president of …