Marcos Names Recto as New Executive Secretary; Go Appointed as New Finance Secretary

President Ferdinand Marcos Jr. has announced a significant reorganization within his Cabinet, appointing Finance Secretary Ralph Recto as the new Executive Secretary, succeeding Lucas Bersamin, who is stepping down from the post. The decision marks one of the most notable leadership shifts in the Marcos administration in recent months.

Recto, who has served as Finance Secretary since early in the administration, is expected to bring his technocratic experience and extensive policy background to the powerful Office of the Executive Secretary—often referred to as the “Little President” due to its central role in managing day-to-day operations of the executive branch. His move to the position signals what insiders describe as an effort to streamline policy coordination and strengthen internal administrative processes.

With Recto’s reassignment, President Marcos has named Special Assistant to the President for Investment and Economic Affairs Frederick Go as the new Finance Secretary. Go, a key economic adviser to the President, has been at the forefront of investment promotion and economic strategy initiatives. His appointment underscores the administration’s intent to maintain momentum in fiscal reforms, investment facilitation, and economic recovery efforts.

The Palace has yet to provide additional details regarding the transition timeline, but both officials are expected to assume their new roles immediately to ensure continuity in government operations.

These appointments come at a critical juncture as the administration navigates economic headwinds, corruption controversies, and an increasingly complex political environment. Analysts say the reshuffle reflects the President’s bid to reinforce economic management while bolstering executive leadership.

Philippine People's Press | In Truth We Prevail