Business exec dies after 10th floor fall

The president of First Philippine Industrial Park, a subsidiary of First Philippine Holdings Corporation, died after falling from the 10th floor of a building in Pasig City on Friday, a belated police report said.

Police identified the fatality as Ferdinand Edwin CoSeteng, 54, who was reportedly staying at the building where his office is located.

The police investigation showed that at about 7:55 a.m., CoSeteng was seen by an associate on the verge of jumping off from the terrace of his office at the Tower 3 of Rockwell Business Center on Ortigas Avenue, Pasig City. Reports said that the associate tried to stop CoSeteng by grabbing his belt, but he lost the grip.

A guard of a nearby bank said that he heard a loud sound, and when he checked he found a man lying unconscious on the landscape area in front of his workplace.

CoSeteng was rushed to the nearby The Medical City, but was declared dead on arrival.

His co-workers told investigators that he looked “uneasy” before the incident.

Police are still probing the incident.

Meanwhile, in a statement sent to Manila Bulletin, “First Philippine Holdings (FPH) Corporation announced with deep sadness the demise of director and Executive Vice President Ferdinand Edwin CoSeteng.”

Aside from his positions in FPH, CoSeteng was a director of Rockwell Land Corporation and president of both First Philippine Industrial Park, Inc., and First Philippine Electric Corp., all FPH subsidiaries.

He graduated from high school at Xavier School and earned his BS Electrical Engineering degree from the University of the Philippines and completed with distinction his Master of Business Administration from the Johnson Graduate School of Management, Cornell University in New York.

“We in the FPH family will always remember Edwin as a valuable colleague, a wonderful boss, and a loyal friend. We will miss him. We extend to the family, relatives, and friends of Edwin our deepest condolences and ask for prayers,” the statement from FPH said