Jarin-Bennett is joining the local CNN station after almost two decades of experience with CNN International.
The veteran journalist will become the new executive producer of the long-running 'The World Tonight.'
His exit comes amid a larger shakeup in the management ranks at CNN Philippines.
His retirement takes effect September 30.
Pangilinan and other top TV5 bosses are finalizing a deal with the Bloomberg group to form a localized business news channel.