THE board of directors of Imperial Pacific International (CNMI) LLC has informed its employees and stakeholders that after “serving a year with IPI…Ray Yumul has resigned from his position as the Chief Executive Officer…effective February 1, 2022.”
The board added, “We are grateful for the contributions he had made during his tenure and we wish him the best in his future endeavors.”
In a letter dated Feb. 1, 2022, Yumul told IPI Human Resources Director Redie Dela Cruz: “I am officially notifying you of my resignation effective on the date above. It was a pleasure and honor working with the company and I wish the staff all the best. I will be available to transition my duties to whomever will take charge of the company per my contract.”
In an interview, one of IPI’s board members said Yumul’s “inappropriate remarks…only represent his personal views and do not represent the views of IPI investors and IPI company.”
Yumul earlier traded barbs with the Commonwealth Casino Commission chairman, and said that IPI was “ready to spill the beans.”
In a separate interview, Commonwealth Casino Commission member Ramon M. Dela Cruz said despite Yumul’s resignation, “the removal of [IPI’s] tower cranes must continue because they pose a risk to the public.”
The removal of the tower cranes was suspended on Dec. 7, 2021 due to the breakdown of IPI’s hydraulic machine, IPI construction manager Eric Poon informed the Department of Public Works on Dec. 20, 2021.
In a letter dated Dec. 22, 2021, DPW Secretary James Ada advised Yumul to “seriously act” on the tower crane issue and “continue with the removal of the tower cranes as soon as possible.”
“It is your duty and responsibility in maintaining safety and protection of the public….,” Ada told Yumul.
On Thursday last week, IPI’s in-house construction workers began dismantling tower crane No. 6.
Earlier last week, Poon submitted his 30-day notice informing IPI’s Human Resources Department that he was stepping down as IPI’s construction manager. He plans to move to San Diego, California, Variety was told.
Ray N. Yumul
