Jose Rene Almendras

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Jose Rene D. Almendras is the secretary of the Department of Energy in the Aquino administration. He is internationally known for his advocacies in sustainability and triple bottom line of financial profits, social impact, and environmental protection.


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Education

Almendras graduated from the Ateneo de Manila University with a degree in business management. He also finished the Strategic Business Economics Program at the University of Asia and the Pacific.

Career

Almendras began his career in Citytrust Banking Corporation and later transferred to Citibank to be an account management group head in Visayas. Then he joined the Aboitiz Group as Company's Treasurer for the Aboitiz Company and Abitiz Equity Ventures, and was promoted as president of City Savings Bank which became one of the biggest banks in Cebu under his leadership.

He joined the Ayala Group of Companies through Ayala Land, Inc. in 2001 and became CEO of Cebu Holdings Inc. and Cebu Property Ventures and Development Corporation. He was eventually promoted as the Business Group Head of Ayala Land for VISMIN and at the same time, Operations Transformation Group Head of Ayala Land.

He was appointed as Business Group Head for Manila Water Company in 2007 and became its president after two years until President Noynoy Aquino appointed him as secretary of the Department of Energy in 2010.


Controversy

Jose Rene Almendras is rumored to be one of President Benigno Aquino III’s inner circle of buddies from Ateneo de Manila University that hangs out with the bachelor Chief Executive at social events and after work, or travels with him on his foreign trips. Almendras's group is dubbed as the “Apo Hiking Society”.

The decision made by the President was a good choice, according to Sen. Gregorio Honasan. He said that “...Secretary Almendras is an inspired move by the President, to appoint a management expert like him for a political job. I think he will provide the Palace with more stability and the President with more focus on what needs to get the job done with as little politics as possible.”


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