MANILA – Fernando Zobel de Ayala has been elected today as a Board Director of Ayala Corporation, replacing highly trusted adviser Mercedita "Edith" S. Nolledo.
Ayala Corporation's Board of Directors has appointed Cezar Consing as the company's President & CEO, following his appointment as interim chief last August 15 after the Fernando Zobel de Ayala took a medical leave and eventually resigned.
Consing, one of Asia’s most respected figures in the ba
Jose Teodoro “TG” K. Limcaoco
In a statement, the firm said Ayala Chairman and Chief Executive Jaime Augusto Zobel de Ayala announced the succession plan for the group’s CFO.
BPI’s Board of Directors has approved their CEO succession plan whereby Limcaoco will succeed Cezar P. Consing as President and CEO of BPI, after the BPI stockholders’ meeting set for April 22, 2021.
Limcaoco concurrently holds the positions of Chief Risk Officer and Chief Sustainability Officer of Ayala Corporation.
Zobel said Ayala Corporation’s Board of Directors has also approved the nomination of Alberto M. de Larrazabal to succeed Limcaoco as CFO, Chief Risk Officer and Chief Sustainability Officer, effective on April 23, 2021.