Fernando Zobel de Ayala, who has been on a medical leave of absence since mid-August, filed his resignation from all his posts in the Ayala Group to focus on his health.
Ayala Corp., Bank of the Philippine Islands, Ayala Land Inc., and Globe Telecom Inc. made the announcement on Monday in separate disclosures.
Zobel de Ayala resigned as chair and member of ACEN Corp. and Ayala Land boards of directors; as a member and co-vice chair of Globe Telecom, and as member of Ayala Corp., Bank of the Philippine Islands, and Integrated Micro-Electronics Inc. boards.
“Please be informed that Mr. Zobel de Ayala tendered today his resignation from our board and from the aforementioned positions effective immediately to allow him to focus more on his recovery and health,” the parent firm said.
The “board will elect his replacement as director in due course,” it added.
Cezar P. Consing has been serving as the acting president and CEO of the Ayala Corp.’s board since Aug. 15 when Zobel de Ayala took a medical leave of absence.
If you like this article, share it on social media by clicking any of the icons below.
Or in case you haven’t subscribed yet to our newsletter, please click SUBSCRIBE so you won’t miss the daily real estate news updates delivered right to your Inbox.
The article was originally published in Inquirer.NET and written by Tyrone Jasper C. Piad.
About Post Author
More Stories
Metro Manila construction material retail price growth slowest in over four years
Buoyant retail sector
Megawide’s planned P5-B bonds gets PRS Aa rating