GMA Network Chairman and CEO Atty. Felipe Gozon announced his retirement at the helm.

Gozon who celebrated his 84th birthday at the Isla Ballroom of Edsa Shangri-La Hotel.

He made the announcement that effective January 1, 2024, GMA President and Chief Operating Officer Gilberto R. Duavit, Jr. will assume the role of CEO. 

Meanwhile, Atty. Gozon will still serve as the Chairman of the Board and Adviser to the corporation.

It will be recalled that in 1975, Gozon, along with Gilberto M. Duavit, Sr. and Menardo R. Jimenez, gave a shot in the arm, the Republic Broadcasting System, Inc. (RBS), the precursor of GMA. 

They made initiatives to make the company financially viable—restructured debt, upgraded equipment, and produced local shows.

Gozon reportedly went on to become the number one station in the year 2000.