Ayala Corp., the country’s oldest conglomerate, nnounced the promotion of four next-generation leaders to key roles as part of the company’s efforts to ensure future growth.
Ayala president and chief executive Cezar Consing said in a statement to the stock exchange Mariana Beatriz Zobel de Ayala and Mark Robert Uy were promoted to managing directors, while Jaime Alfonso Zobel de Ayala and Jaime Urquijo would take on the role of executive directors.
“Each of our senior promotees represent Ayala at its best – purposeful, forward-looking, professional, and engaged. They will help make Ayala even better as we look ahead to completing two centuries of building businesses that help people thrive,” said Consing.
The four leaders will focus on areas critical to the company’s future growth in their new roles.
Mariana will lead the transformation of Ayala Land’s leasing business, focusing on retail, hospitality and office spaces.
Uy will continue to shape the transformation of Ayala’s business portfolio by focusing on the long-term growth of current businesses, while exploring new ventures that align with Ayala’s overall strategy.
Jaime Alfonso will strengthen the group’s governance standards, while also working on accelerating the growth of Ayala’s new energy vehicle platform, ACMobility.
Jaime Urquijo will work on enhancing the value of the holding company by ensuring greater synergy between Ayala and its various subsidiaries.
“Over its 191 years, Ayala has demonstrated a history of smooth leadership transitions anchored in thoughtful succession planning. The promotions of these four leaders are part of a deliberate, long-term succession plan being implemented across the Group,” said Francisco Romero Milán, Ayala chief human resources officer.
Ayala has investments in real estate, banking, telecommunications and renewable energy. It also has a growing presence in healthcare, mobility and logistics as well as investments in industrial technologies, education and other ventures.
Meanwhile, the conglomerate also disclosed that signed a Samurai Loan facility agreement with Mizuho Bank and Sumitomo Mitsui Banking Corp. of up to $200 million, equivalent in Japanese Yen.
The group earlier reported plans to spend P230 billion in capital expenditures for 2025.