After the company's Annual Stockholders Meeting and as announced last December 2020, Ayala Corporation (AC) transitioned the position of Chief Executive Officer from Jaime Augusto Zobel de Ayalato Fernando Zobel de Ayala, who has been designated President and CEO. Jaime Augusto Zobel de Ayala will focus on his role as Chairman of the Ayala Board. Jaime and Fernando will continue to represent Ayala, retaining their current roles, as Chairman or Vice-Chairman, in the subsidiary boards of various Ayala group companies. Ayala Corporation's CFO, TG Limcaoco, takes the helm at BPI as President and CEO; upon the retirement of his predecessor, Bong Consing. Bong will continue to be engaged with the Ayala Group as a member of the Board of Directors of BPI, Ayala Corporation, Globe Telecom and AC Energy Corporation. Albert De Larrazabal, most recently Globe's Chief Commercial Officer, succeeds Limcaoco as AC's CFO. Eric Francia, current President and CEO of AC Energy, was appointed to concurrently chair AC's Investment Committee.
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.
AYALA CORPORATION 
