Maria Ressa, Head of ABS-CBN's News and Current Affairs Division for the past six years, formally announced her resignation on Monday, October 11.
Her resignation will be effective January 2011. She said in her resignation letter that she will go on terminal leave beginning Nov. 15.
Ressa will be replaced by Regina Reyes, currently ABS-CBN North America News Bureau chief. Reyes will arrive in Manila on Oct. 18 to begin the leadership transition.
Prior to her 6-year stint with ABS-CBN, Ressa was Jakarta bureau chief of CNN.
Speculations abound on the real reason for Ressa's sudden resignation. In several Twitter postings, some of her colleagues and subordinates swear to being clueless on the reason behind her resignation.
Some speculate that the recent Senate hearing on Media's role in the now infamous Manila hostage crisis that left 9 people dead, including 8 tourists from Hongkong, may have a lot to do with the resignation. It will be recalled that Ressa was invited and appeared in the inquiry where she was grilled by some of the senators. Some observers felt that she was harshly and unpleasantly treated in the said inquiry.