Fernando Zobel returns as advisor to ALI board

Fernando Zobel de Ayala is returning to Ayala Land Inc. as advisor to the board, five months after he resigned from all his posts in the company over health reasons.

“Our board appointed Mr. Fernando Zobel de Ayala as advisor to the board. Mr. Zobel de Ayala was our chairman of the board for 23 years,” ALI said in a stock exchange filing Wednesday.

Pilipinas Shell Petroleum Corp. also reported on Feb. 2 that Zobel would resume his chairmanship of the board’s corporate governance committee.

Zobel de Ayala resigned from all his positions in Ayala Corp. and other listed firms in September 2022 to focus on his health and recovery. Prior to his resignation, Zobel took a temporary leave of absence.