President Ferdinand &lsquo;Bongbong&rsquo; Marcos Jr. has appointed former Land Transportation Office (LTO) Undersecretary Teofilo 'Jojo' Guadiz III as the new Land Transportation Franchising and Regulatory Board (LTFRB) chairperson.
Guadiz&rsquo;s appointment letter dated Dec. 9 and signed by Marcos was released to the media on Wednesday, Dec. 14.&nbsp;
He took an oath before Executive Secretary Lucas Bersamin.
Guadiz will be succeeding former LTFRB chief and now Office of the Press Secretary (OPS) officer-in-charge Cheloy Garafil.
Prior to his designation, he previously served as the Department of Transportation (DOTr) Assistant Secretary for the Road Sector.
Guadiz was also the former director of the&nbsp; Department of Transportation and Communications (DOTC) and the Regional Director of the LTO-National Capital Region as well as LTO-Region 1 Ilocos.&nbsp;

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Ex-LTO chief appointed as new LTFRB chair