Ayala Corp president Fernando Zobel on medical leave
Ayala Corporation president Fernando Zobel de Ayala has taken a medical leave of absence starting August 15.
Zobel remains on the board but has stepped down from his roles in the executive and finance committees.
His brother Jaime Augusto Zobel de Ayala, the chairman, expressed full support for Fernando's decision to prioritize health.
Cezar Consing was elected as acting president and CEO by the board during a special meeting held Sunday.
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