Ayala Corporation Announces Changes in the Composition of Board Committees
September 28, 2023 at 03:09 am EDT
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Ayala Corporation announced changes in the composition of the following Board committees with the election of Mr. Fernando Zobel de Ayala vice Ms. Mercedita S. Nolledo as: Chairman of the Sustainability Committee ii. Member of the Risk Management and Related Party Transactions Committee iii. Member of the Personnel and Compensation Committee. Fernando Zobel de Ayala, Filipino, 63, serves as a Special Advisor to the Board of Ayala Land Inc. He
previously served as Ayala Corporation's President and Chief Operating Officer for 15 years before assuming the role of Chief Executive Officer until September 27, 2022. He was recently elected as a Director of Bank of the Philippine Islands and Chairman of Ayala Healthcare Holdings Inc. He serves as an Independent Director of Pilipinas Shell Corporation. He also serves as the Chairman of Alabang Commercial Corporation and Accendo Commercial Corp.; Vice Chairman of Fort Bonifacio Development Corporation, Bonifacio Land Corp., Berkshires Holdings Inc., Emerging City Holdings Inc., and Columbus Holdings Inc. In addition, he serves on the Board of Georgetown University and is a member of the Chief Executives Organization. He is involved in various international and local non-profit organizations. He serves on the Board of the Asia Society and is a member of Asia Philanthropy Circle and Habitat for Humanity International's Asia Pacific Development Council. In the Philippines, he is Chairman of Ayala Foundation and Hero Foundation Inc.; Vice Chairman of Bonifacio Arts Foundation Inc.; and member of the Board of Trustees of Caritas and Pilipinas Shell Foundation. Mr. Zobel de Ayala holds a liberal arts degree from Harvard College and a CIM from INSEAD, France.
Ayala Corporation is a Philippines-based holding company. The Companyâs business activities are divided into real estate and hotels, financial services, telecommunications, water, infrastructure, industrial technologies and automotives, power, healthcare, business process, outsourcing, air charter, consulting services, investment holdings, agriculture, and technology services. Its business units include Parent Company, Real estate and hotels, Financial services and insurance, Telecommunications, Industrial Technologies, Power, and Automotive and Others. Real estate and hotels business unit is engaged in planning and development of fully integrated mixed-used communities. Financial services and insurance business unit is engaged in commercial banking operations with expanded banking license. Telecommunications business unit provider of digital wireless communications services, domestic and international long distance communication services or carrier services, and others.