Troubled ABS-CBN Broadcasting Corp the Philippines largest broadcast network said Luis Alejandro, its President and CEO of just 2 years in the chair had resigned to take effect from March 16.
ABS-CBN Chairman and Chief Executive Eugenio Lopez III will take over the reigns at the network.
Mr Alejandro will return to NutriAsia, a Philippine food company.
He is recognised for his time at ABS-CBN at trimming the network and reorganising it, but during his tenure lost the number one ratings position to rival GMA 7 Network which now charges more for advertising spots than ABS-CBN.
During Alejandro's tenure, ABS-CBN trimmed its staff and redesigned the network's organization.