Fernando Zobel de Ayala

The company's directors elected Cezar Consing as acting president and CEO while Zobel is away. Consing is a director at Ayala and its major subsidiaries, namely ...

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Ayala Corp on Monday said Fernando Zobel de Ayala is on medical leave and has taken a leave of absence as vice chairman of the board, president and CEO.

Consing was the former president and CEO of BPI from 2013 to 2021. "I want to assure everyone that Fernando is in high spirits, but he has asked for some time to focus on his health and recovery. MANILA - Ayala Corp on Monday said Fernando Zobel de Ayala is on medical leave and has taken a leave of absence as vice chairman of the board, president and CEO of the company.

Ayala Corp. president and chief executive Fernando Zobel de Ayala took a temporary medical leave, the company said Monday.

He remains a member of our board but has stepped down as a member of our executive committee and finance committee,” the conglomerate said. Zobel de Ayala, 62, also stepped down as member of the executive committee and finance committee but would remain a member of the board. “Please be informed that Mr. Fernando Zobel de Ayala, with the approval of our board of directors, has taken a temporary medical leave of absence as our vice-chairman of the board and president and chief executive officer.

Ayala Corporation (AC) announced that its Vice-Chairman, President and Chief Executive Officer Fernando Zobel de Ayala has taken a temporary medical leave ...

“I want to assure everyone that Fernando is in high spirits, but he has asked for some time to focus on his health and recovery. Let us all give Fernando the support he needs to focus on improving his health.” No details were provided as to Zobel’s medical condition. Aside from his posts in AC, Zobel is the Chairman of Ayala Land Inc., Globe Telecom, Inc., Integrated Micro-Electronics, Inc. and Bank of the Philippine Islands; and Vice Chairman of Ayala Land, Inc., Manila Water Company, Inc., and AC Energy Corporation (formerly AC Energy Philippines, Inc.). He is also the Chairman of Ayala Retirement Fund Holdings, Inc., AC Industrial Technology Holdings, Inc., AC Ventures Holding Corp., AC Infrastructure Holdings Corporation, and Asiacom Philippines, Inc.; Co-Chairman of Ayala Foundation, Inc. and Ayala Group Club, Inc.; Director of Alabang Commercial Corporation, Ayala International Pte. Ltd., AC Energy, and Infrastructure Corporation (formerly AC Energy, Inc.), Ayala Healthcare Holdings, Inc., Light Rail Manila Holdings, Inc. and AG Holdings Ltd. At a special meeting held last Sunday, August 14, 2022, the Ayala Board elected Cezar P. Consing as Acting President and CEO and member of the Executive Committee as endorsed by AC’s Corporate Governance and Nomination Committee (CGN Committee). Ayala Corporation (AC) announced that its Vice-Chairman, President and Chief Executive Officer Fernando Zobel de Ayala has taken a temporary medical leave of absence with the approval of the firm’s Board of Directors.

'I want to assure everyone that Fernando is in high spirits, but he has asked for some time to focus on his health and recovery,' says Ayala Corporation ...

In a special meeting on Sunday, August 14, Ayala Corporation’s board elected Cezar Consing as acting president and CEO as well as executive committee member. Ayala Corporation disclosed the development to the Philippine Stock Exchange on Monday, adding that Zobel remains a member of the conglomerate’s board but has stepped down as member of its executive committee and finance committee. MANILA, Philippines – Fernando Zobel de Ayala, the president, chief executive officer, and vice chairman of the board of Ayala Corporation, took a medical leave of absence starting Monday, August 15.