Cezar Consing named Ayala Corp president and CEO

Cezar Consing has been appointed as the new president and CEO of Ayala Corporation, taking over from Fernando Zobel de Ayala who resigned for medical reasons.

This marks the first time in its history that the oldest conglomerate in the Philippines will be led by an individual not belonging to the Zobel de Ayala family.

Consing had previously served as the interim chief of the company since mid-August.

Fernando Zobel de Ayala had held the CEO position since April 2021, succeeding his brother Jaime Augusto Zobel de Ayala.

Consing brings a wealth of experience, having previously served as president and CEO of the Bank of the Philippine Islands from 2013 until his retirement in 2021.

He also currently holds directorships in several prominent Ayala Corporation subsidiaries, including BPI, Globe Telecom, and ACEN.

Mercedita Nolledo has been elected as a new director to fill the vacancy left by Fernando Zobel de Ayala, who will remain as a special adviser to the board.