ABS-CBN
JAZA is Ayala Land acting chair while brother Fernando Zobel De Ayala is on leave
Fernando Zobel de Ayala, CEO of conglomerate Ayala Corp., is taking a medical leave starting August 15, with Cezar Consing stepping in as acting president and CEO.
Jaime Zobel de Ayala will serve as the acting chairman of Ayala Land while his brother is on leave.
Fernando Zobel de Ayala's brother and Ayala chair Jaime Augusto Zobel de Ayala stated that the family is fully supportive of Fernando's decision to prioritize his health and recovery.
He has resigned from the executive and finance committees and also stepped down as chairman and member of the Personnel and Compensation Committee.
The Ayala board elected Cezar Consing, a director since December 2020, to temporarily assume the top leadership roles.
Delfin L. Lazaro has been elected by the board to take Mr. Zobel's post as the vice-chairman of the executive committee.
His replacement for the mentioned committees will be appointed in due course.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
