The principal purpose of PSALM is to manage the orderly sale, disposition, and privatization of NPC generation assets, real estate and other disposable assets, and IPP contracts with the objective of liquidating all NPC financial obligations and stranded contract costs in an optimal manner.

• DENNIS EDWARD A. DELA SERNA

• President and Chief Executive Officer
• Phone: (02) 902-9001
• Fax: (02) 739-52-79
• Email: dadelaserna@psalm.gov.ph

Mr. Dennis Edward A. Dela Serna brings to PSALM years of experience working in the power industry with vast exposure to regulatory, contract management, financial modeling, and valuation. He is leading PSALM in optimizing the proceeds from the sale of its power generation and real estate assets, settling the outstanding financial obligations and liabilities of PSALM, and administering the Universal Charge, among other urgent matters besetting the Corporation.

Mr. Dela Serna has over two decades of expertise in the Philippine energy sector. He supervised PSALM's Universal Levy, Tariff, and Financial Valuation Department from 2002 to 2008. He worked with then PSALM President and CEO and current Secretary of the Department of Energy (DOE) Raphael Perpetuo M. Lotilla for a year during the initial implementation phase of the privatization program and the transfer of the National Power Corporation (NPC) tariff functions to PSALM and during Secretary Lotilla’s first tenure in DOE from years 2005 to 2007.

Prior to returning to PSALM, he held the positions of First Vice President of Regulatory Affairs at AboitizPower and Contracts Manager at AES Philippines.

He graduated from the Ateneo de Manila University with a degree in Management Economics and the Gabelli School of Business of Fordham University in New York City, USA with an MBA in Finance.

• ARNOLD C. FRANCISCO

• Vice President, Privatization and Asset Management Group
• Email: acfrancisco@psalm.gov.ph

Mr. Arnold C. Francisco has an extensive career in the electric power industry. He worked in the National Power Corporation (NPC) since 1989 until he became Principal Engineer several years later.

For 11 years, he assumed multiple roles related to NPC’s contract negotiation and administration on natural gas pipeline facilities, project management, treasury management and loan sourcing. Mr. Francisco also designed and recommended financial strategies to minimize forex risks and improve cash flow for NPC.

He transferred to PSALM in 2003, a time when the restructuring program for the power industry took off. As time would tell, his career grew well in the Corporation. In 2004, he became the Manager of the Electricity Trading Department (ETD). After serving the unit for six years, he was transferred to the IPP/IPPA Contracts Administration Department (IPP/IPPA CAD) as Corporate Staff Officer in 2010 until 2012. He ascended to the position of Manager in the same department two years later. In 2016, he was appointed as Vice-President for the Asset Management Group (AMG).

Mr. Francisco’s expertise has contributed largely to the achievement of PSALM’s twin mandate of asset privatization and liability management. His wide-ranging experience in financial management, contract implementation, privatization schemes and framework, and electricity trading has resulted in the attainment of the corporation’s objectives.

A licensed Civil Engineer, Mr. Francisco finished his bachelor’s degree at Baliuag University and his master’s degree in Business Administration from the same institution.

• MANUEL MARCOS M. VILLALON II

• Vice President, Finance
• Email: mmmvillalon@psalm.gov.ph

Mr. Manuel Marcos M. Villalon II joined PSALM in 2004 as a consultant to the PSALM Finance Group and became the manager of the Loans Administration Division the following year. Prior to his appointment as Acting Vice President for Finance, he was the manager of the Treasury Department and acting manager of the Liability Management Department. In his first few years in PSALM, he was heavily involved in the PHP 200 billion debt absorption by the national government, valuation of power plants up which were up for sale and obtaining creditors’ consent – especially from the World Bank, Asian Development Bank and Japan Bank for International Cooperation – for the privatization of the National Power Corporation’s generation and transmission assets. His stint in PSALM also includes contracts management, policy research, power accounts management, WESM billing and settlement, and procurement.

Prior to joining the government service, he worked in the non-government sector promoting youth development and managing social projects benefitting the underprivileged focusing on health, nutrition, agricultural and technical education with the assistance of local and foreign volunteers. His stint in the NGO sector involved project/program development and management, fund raising, budgeting, cash management, and maintaining good relations with local and foreign donors. His other work experiences include journalism, advertising, marketing, investment promotion, and business-economic research.

Mr. Villalon has passed the Certified Treasury Professional examination of the Bankers Association of the Philippines’ Treasury Certification Program. He obtained his Economics degree from the Ateneo de Manila University and Master in Public Administration, major in Public Policy and Program Administration, from the University of the Philippines - National College of Public Administration and Governance. He is also a Career Executive Service eligible. He volunteers his free time in giving Math tutorials to public elementary school pupils.

• MARIA ILYN G. ALBITO

• Vice President, Legal and General Counsel
• Email: migalbito@psalm.gov.ph

• GLENN B. SANTOS

• Vice President, Corporate Services Group
• Email: gbsantos@psalm.gov.ph

Mr. Glenn B. Santos joined PSALM Corporation in August 2020, in the middle of the COVID-19 pandemic, as Department Manager of the Human Resources and Administration Services Department. He had since then been appointed as Acting Vice President of the Corporate Services Group.

As Acting Vice President, he exercises direct supervision and control over all matters related to human resources, administrative services and information and communications technologies. He is the Chairperson of the Single Bids and Awards Committee (SBAC), Career Development Committee (CDC) and Review and Compliance Committee (RCC), and he is also heavily involved in the Occupational Safety and Health Committee (OSHC), Employee-Management Committee (EMC), Performance Management Team and Human Resource merit Promotion and Selection Board (HRMPSB), among many others.

Having obtained his CS Professional Eligibility in 2000 and Career Executive Service Eligibility (CESE) in 2014, Mr. Santos has an extensive background in national and local government service. Prior his appointment to PSALM Corporation, he was a Deputy Administrator and Deputy Director General at two (2) other GOCCs. He also served as Municipal Councilor of LGU-Marilao, Bulacan from 1992 to 2001 and as Provincial Board Member of Bulacan from 2001 up to 2010.

He completed his Bachelor of Arts degree in Political Science and Juris Doctor degree in the University of Santo Tomas and San Sebastian College, respectively.