BPI chief exec to retire in April 2021; successor named
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At their year-end meeting on Wednesday, Dec. 16, the board of directors of the Bank of the Philippine Islands approved the succession plan for Jose Teodoro “TG” Limcaoco to succeed Cezar “Bong” Consing as president and CEO effective April 22, 2021.
Cezar “Bong” Consing
The board also thanked Consing, 61, for consenting last year to extend his term as president and CEO in order to help ensure an effective transition and for his stewardship especially during this year’s crisis.
Earlier this month, Consing, was elected board director of Ayala Corporation, BPI’s largest shareholder. After his term as president and CEO, he will remain a board director and executive committee member of BPI.
Published December 17, 2020, 1:30 PM
917Ventures, the Philippines’ largest corporate incubator, is in search of viable ideas in the fields of eCommerce, Healthtech, Fintech, and Adtech which may be transformed into business ventures that it can fund, build, and market.
Speaking before over 5,000 participants at the recent Philippine Startup Week online conference, 917Ventures Managing Director Vince Yamat said the company is constantly looking for venture builders in Southeast Asia who are willing to be part of its massive ecosystem that extends to its parent company and Philippines’ leading telecommunications provider Globe and Globe’s major stockholders Ayala Corporation and Singtel.
917Ventures, he pointed out, has already built several initiatives such as GCash, the country’s largest provider of mobile money services; digital marketing firm AdSpark; and telehealth companies KonsultaMD and HealthNow, the latter in partnership with AC Health. Thus, it has the experti
Published December 17, 2020, 3:41 PM
Ayala Corporation revealed more about its succession plan with the announcement that Chairman Jaime Augusto Zobel de Ayala (JAZA) will be giving up his concurrent position as Chief Executive Officer in favor of his brother, Ayala President Fernando Zobel de Ayala (FZA).
In a disclosure to the Philippine Stock Exchange, Ayala said JAZA transition will focus on his role as Chairman of the Board effective April 23, 2021, after the 2021 Annual Stockholders Meeting.
Fernando Zobel de Ayala (left) and Jaime Augusto Zobel de Ayala
Ayala’s Board of Directors has unanimously approved the Company’s CEO Succession Plan whereby President and Chief Operating Officer FZA, will become President and CEO, effective April 23, 2021 after the 2021 Annual Stockholders Meeting.
Globe sweeps all award categories in 2019 ASEAN Corporate Governance Scorecard inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
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.