2015 AYALA GROUP MANAGEMENT COMMITTEE
The write-ups below pertain to information provided in the 2015 Definitive Information Statement and include positions held as
of December 31, 2014 and in the past five years, as well as personal data as of December 31, 2014.
Jaime Augusto Zobel de Ayala, Filipino, 55, Director of Ayala Corporation since
May 1987. He is the Chairman and CEO of Ayala Corporation since April 2006. He
holds the following positions in publicly listed companies: Chairman of Globe
Telecom, Inc., Integrated Micro-Electronics, Inc. and Bank of the Philippine
Islands; and Vice Chairman of Ayala land, Inc. and Manila Water Company, Inc. He
is also the Co-Chairman of Ayala Foundation, Inc.; Vice Chairman of AC Energy
Holdings, Inc.; Chairman of Harvard Business School Asia-Pacific Advisory Board;
Vice Chairman of the Makati Business Club, and member of the Harvard Global
Advisory Council, Mitsubishi Corporation International Advisory Committee, JP
Morgan International Council, Endeavor Philippines and National
Competitiveness Council; and a Philippine Representative for APEC Business
Advisory Council. He graduated with B.A. in Economics (Cum Laude) at Harvard
College in 1981 and took his MBA at the Harvard Graduate School of Business
Administration in 1987.
Fernando Zobel de Ayala, Filipino, 54, Director of Ayala Corporation since May
1994. He is the President and Chief Operating Officer of Ayala Corporation since
April 2006. He holds the following positions in publicly listed companies:
Chairman of Ayala Land, Inc. and Manila Water Company, Inc.; and Director of
Bank of The Philippine Islands, Globe Telecom, Inc. and Integrated MicroElectronics, Inc. He is the Chairman of AC International Finance Ltd., AC Energy
Holdings, Inc., and Hero Foundation, Inc.; Co-Chairman of Ayala Foundation, Inc.;
Director of LiveIt Investments, Ltd., Ayala International Holdings Limited, Honda
Cars Philippines, Inc., Isuzu Philippines Corporation, Pilipinas Shell Petroleum
Corp., Manila Peninsula and Habitat for Humanity International; Member of the
INSEAD East Asia Council, World Presidents’ Organization and Habitat for
Humanity International; Chairman of Habitat for Humanity’s Asia-Pacific Capital
Campaign Steering Committee; and Member of the Board of Trustees of Caritas
Manila, Pilipinas Shell Foundation, Kapit Bisig para sa Ilog Pasig Advisory Board,
National Museum and the foundation of the Roman Catholic Church. He
graduated with B.A. Liberal Arts at Harvard College in 1982.
Gerardo C. Ablaza, Jr., 61, Filipino, has served as member of the Ayala
Corporation Management Committee since April 2009 and the Ayala Group
Management Committee since 1998. He also holds the following positions in
other publicly listed companies in the Philippines: President and CEO of Manila
Water Company, Inc. and Co-Vice Chairman of Globe Telecom, Inc. He is also a
member of the Board of Directors of Hochiminh City Infrastructure Investment
Joint Stock Company, a listed company on the Ho Chi Minh Stock Exchange. His
other significant positions are: Director of Manila Water Philippine Ventures, Inc.,
Boracay Island Water Company, Inc., Cebu Manila Water Development, Inc.,
Manila Water Consortium, Inc., Manila Water International Solutions, Inc., Clark
Water Corporation, Manila Water Total Solutions Corporation, Manila Water Asia
Pacific Pte. Ltd., Manila Water South Asia Holdings Pte. Ltd., Kenh Dong Water
Holdings Pte. Ltd., and Thu Duc Water Holdings Pte. Ltd., Azalea International
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Ventures Partners Ltd., Asiacom Philippines, Inc., LiveIt Investment Ltd., AC
Energy Holdings, Inc., Purefoods International Investment Ltd., ACST Business
Holdings, Inc. and AG Holdings Limited. He is also a member of the Board of
Trustees of the Manila Water Foundation, Inc. and Ayala Foundation, Inc. From
1998 to April 2009, Mr. Ablaza was the President and CEO of Globe Telecom, Inc.
He was also the Chairman of the Board of Directors of Innove Communications
Inc., a wholly owned subsidiary of Globe Telecom Inc. from October 2003 to April
2009. Before joining the Ayala Group, Mr. Ablaza was Vice-President and Country
Business Manager for Philippines and Guam of Citibank, N.A. for its Global
Consumer Banking Business (1994-1997), Vice President for Consumer Banking
of Citibank, N.A. Singapore (1994-1995). In 2004, Mr. Ablaza was recognized by
CNBC as the Asia Business Leader of the Year, making him the first Filipino CEO
to win the award. In the same year, he was awarded by Telecom Asia as the Best
Asian Telecom CEO. In 2013, he was recognized for his consistent leadership and
innovation across the banking, investment, telecommunications and utility
service industries through the Citi Distinguished Alumni Award for Leadership
and Ingenuity. Mr. Ablaza graduated summa cum laude from the De La Salle
University in 1974 with a degree in Liberals Arts, Major in Mathematics (Honors
Program). As one of the most accomplished graduates of his alma mater, he sits
on the Board of Trustees in various De La Salle schools in the country.
Alfredo I. Ayala, Filipino, 53, has been a Managing Director of Ayala Corporation
and a member of the Ayala Group Management Committee since June 2006. He
is the Chief Executive Officer of LiveIt Investments, Ltd., the holding company of
Ayala Corporation for its investments in the BPO sector, and LiveIt Global
Services Management Institute, Inc, Currently, he also holds the following
positions: Chairman of International Business Processing Association of the
Philippines and Integreon Managed Solutions (Philippines), Inc.; and Director of
Affordable Private Education Centers, Inc., NewBridge International Investment
Limited, Affinity Express Holdings Limited, Affinity Express Philippines, Inc. IQ
BackOffice Holdings, Ltd., HRMall, Inc., Integreon, Inc., and Integreon Managed
Solutions Philippines, Inc. He has an MBA from the Harvard Graduate School of
Business Administration and B.A. in Development Studies and Economics (with
honors) from Brown University.
Paolo Maximo F. Borromeo, Filipino, 37, has served as Group Head of
Corporate Strategy and Development of the Company since September 2014 and
has since then been a member of the Ayala Corporation Management
Committee and the Ayala Group Management Committee. He oversees the
overall portfolio strategy and corporate planning process, group-wide innovation
projects and new business development initiatives, and investor relations. He sits
on the board of PhilNew Energy, Inc. Viage Corporation, Moorland Philippines
Holdings, Inc., Presage Corporation, Affordable Private Education Center, Inc., AC
College of Enterprise and Technology, Inc., LiveIt Global Services Management,
Inc., LiveIt Investments, Ltd. and LINC Institute, Inc. Prior to joining Ayala, he was
a Principal at Booz & Company, a global strategy consulting firm, based in San
Francisco, California, USA. He obtained his Bachelor of Science degree in
Management Engineering from the Ateneo de Manila University and his Master
in Business Administration with honors from the Wharton School at the
University of Pennsylvania.
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Cezar P. Consing, Filipino, 55, is a Senior Managing Director of Ayala Corporation
and a member of its Ayala Group Management Committee since April 2013. He
also holds the following positions in other publicly listed companies: President
and CEO of Bank of the Philippine Islands and Independent Director of Jollibee
Foods Corporation. His other significant positions are: Chairman of BPI Direct
Savings Bank, Inc. and BPI Computer Systems Corporation; Vice Chairman of BPI
Capital Corporation; Director of BPI Family Savings Bank, Inc., BPI Globe BanKo,
Inc, BPI/MS Insurance Corporation, Capital Advisors Partners Asia Sdn Bhd,
Capital Islamic Infrastructure Fund (General Partner) Limited, Capital Asean
Infrastructure Fund II (General Partner) Limited, Arch Capital Management Co.
Ltd., Arch Capital Asian Partners, G.P, and Filgifts.com. He was a partner at the
Rohatyn Group from 2004 to March 2013; an Investment Banker with J.P. Morgan
& Co. from 1985 to 2004; and an independent director of CIMB Group Holdings
Berhad and CIMB Group Sdn. Berhad from 2004 to 2012 and First Gen
Corporation from 2005 to 2013. He graduated with a degree of A.B (Accelerated
Program) Economics (Magna Cum Laude) from De La Salle University in 1979 and
took his M.A. Applied Economics in the University of Michigan in 1980.
Ernest Lawrence L. Cu, Filipino, 54, has been a member of the Ayala Group
Management Committee since January 2009. He is the President and Chief
Executive Officer of Globe Telecom, Inc., a publicly listed company. He is a trustee
of Ayala Foundation, Inc. and Hero Foundation, Inc. He is also a director of BPI
Globe BanKo, Inc., Systems Technology Institute, Inc., and Prople BPO, Inc. Prior
to joining Globe, he was the President and CEO of SPI Technologies, Inc. In 2014,
he was honored as the Telecommunications Executive of the Year in the Stevies
International Business Awards. In 2013, he was the highest ranked Filipino in the
Power 100 of London-based Global Telecoms Business Magazine that recognizes
the 100 most influential telecom leaders worldwide. He earned international
accolade in 2012 as CEO of the Year by Frost & Sullivan Asia Pacific. In 2010, he
was adjudged Best CEO by Finance Asia. He was moreover conferred the
International Association of Business Communicators' (IABC) CEO EXCEL award
for communication excellence in telecoms and IT, and he was also voted as one
of the Most Trusted Filipinos in a poll conducted by Readers Digest. He earned a
degree in BS Industrial Management Engineering from De La Salle University in
1982 and took his Master’s Degree in Business Administration at the JL Kellogg
Graduate School of Management in 1984.
Bernard Vincent O. Dy, Filipino, 51, has been a member of the Ayala Group
Management Committee since April 2014. He is the President & Chief Executive
Officer of Ayala Land, Inc. (ALI). Prior to this post, he was the Head of the
Residential Business, Commercial Business and Corporate Marketing and Sales
of ALI. He is the Chairman of other two publicly listed companies namely: Cebu
Holdings, Inc. and Cebu Property Ventures and Development Corporation.
His other significant positions include: Chairman of Ayala Land International
Sales, Inc., Anvaya Cove Golf & Sports Club and Amicassa Process Solutions, Inc.,
Amaia Land Corporation, Avida Land Corp., Alveo, Alviera Country Club, Inc.,
Ayalaland Commercial Reit, Inc., Lagdigan Land Corporation, Cagayan De Oro
Gateway Corp., BGSouth Properties, Inc., BGNorth Properties, Inc., BGWest
Properties, Inc., Portico Land Corp., Directpower Services, Inc., Philippine
Integrated Energy Solutions, Inc., Bonifacio Estate Services Corporation, Amaia
Southern Properties, Inc.; Vice Chairman of Bellavita Land Corporation and Ayala
Greenfield Development Corporation; President of Serendra, Inc. and Varejo
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Corporation, Alabang Commercial Corporation, Accendo Commercial Corp.,
Aurora Properties Incorporated, Ceci Realty Inc., Vesta Property Holdings, Inc.,
Bonifacio Land Corporation, Berkshires Holdings, Inc. and Columbus Holdings,
Inc.; Director of Fort Bonifacio Development Corporation, Ayala Land Sales, Inc.,
North Triangle Depot Commercial Corporation, Station Square East Commercial
Corporation, Ayala Greenfield Golf & Leisure Club, Ayala Property Management
Corporation, Makati Development Corporation and Nuevocentro, Inc.; and
Treasurer of SIAL Specialty Retailers, Inc. and SIAL CVS Retailers, Inc. He earned
a degree of B.B.A Accountancy from the University of Notre Dame in 1985 and
took his Master’s Degree in Business Administration and International Relations
at the University of Chicago in 1997 and 1989, respectively.
John Eric T. Francia, Filipino, 43, is a Managing Director and a member of the
Ayala Corporation Management Committee and the Ayala Group Management
Committee since January 2009. He is the head of Ayala’s Energy and
Infrastructure Group since September 2014. He is a Director of publicly listed
companies namely: Manila Water Company, Inc. and Integrated MicroElectronics, Inc. He also holds the following positions: President and Chief
Executive Officer of AC Energy Holdings, Inc. and AC Infrastructure Holdings
Corp.; Chairman and President of PhilNewEnergy, Inc., PhilnewRiver Power
Corp., PhilnewHydro Power Corp., and Quadriver Power Corp.; and Director of
LiveIt Investments Ltd, Live It Global Services Management Institute, Inc.,
Northwind Power Development Corp., North Luzon Renewable Energy
Corporation, South Luzon Thermal Energy Corporation, Automated Fare
Collection Services, Inc., Light Rail Manila Corporation, and HCM City
Infrastructure Investment Joint Stock Company. Mr. Francia was the head of the
Company’s Corporate Strategy and Development Group, which is responsible
for overseeing Ayala’s portfolio strategy and new business development, from
January 2009 to September 2014. Prior to joining Ayala, Mr. Francia was a senior
consultant and member of the management team of Monitor Group, a strategy
consulting firm based in Cambridge, Massachusetts, USA. Prior to consulting, he
spent a few years in the field of academe and media. He received his
undergraduate degree in Humanities and Political Economy from the University
of Asia & the Pacific, graduating magna cum laude. He then completed his
Master’s Degree in Management Studies at the University of Cambridge in the
UK, graduating with First Class Honors.
Delfin C. Gonzalez, Jr., Filipino, 65, was Chief Finance Officer of Ayala
Corporation and a member of the Ayala Corporation Management Committee
and the Ayala Group Management Committee from April 2010 to 2014. He
joined Ayala Corporation in late 2000, assigned as Chief Finance Officer for its
subsidiary, Globe Telecom, Inc. until early 2010. He is a director of Integrated
Micro-Electronic, Inc, a publicly listed company. He also holds the following
positions in various companies of the Ayala Group: Chairman of Darong
Agricultural Development Corporation, AC Infrastructure Holdings Corporation
and AYC Finance Ltd.; President and Director of Ayala DBS Holdings Inc.; and
Director of AC International Finance, Ltd., Asiacom Philippines, Inc., AC Energy
Holdings, Inc., LiveIt Investments, Ltd., Ayala Aviation Corporation, AYC Holdings
Ltd., Michigan Holdings, Inc., Azalea International Venture Partners Ltd.,
Philwater Holdings Company, and various Ayala international companies. He
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graduated Magna Cum Laude in Bachelor of Science in Chemical Engineering
from De La Salle College in 1971 and earned his Master’s Degree in Business
Administration from Harvard Business School in 1975.
[NB: Mr. Gonzalez was succeeded by Jose Teodoro K. Limcaoco as chief finance officer and
Finance group head on April 10, 2015.]
Maria Lourdes Heras-de Leon, Filipino, 60, was a Managing Director of Ayala
Corporation in October 2011 and President of Ayala Foundation, Inc. in January
2012. She retired from the Company on December 31, 2014. She was formerly
with Chevron Geothermal Philippines Holdings as Vice President for Policy,
Government and Public Affairs. She was expatriated to the Philippines as a
member of the Senior Leadership Team to lead Chevron Geothermal’s and
Chevron Malampaya’s government affairs, policy advocacy and public affairs.
She also led the company’s community engagement and corporate social
responsibility programs refocusing its community development projects from
traditional corporate donations into a sustainable, public-private partnership
process. She spearheaded the advocacies of Ayala Foundation: Education, Youth
Leadership, Sustainable Livelihood, and Arts and Culture. She graduated with a
degree of Bachelor of Arts in Asian Studies from the University of British
Columbia in 1976 and took her Master’s Degree in Business Administration from
Thunderbird School of Global Management in 1981.
[NB: Ms. Heras-de Leon was succeeded by Ruel T. Maranan as president of Ayala Foundation
on March 1, 2015.]
Solomon M. Hermosura, Filipino, 52, has served as Managing Director of Ayala
Corporation since 1999 and a member of the Ayala Corporation Management
Committee since 2009 and the Ayala Group Management Committee since
2010. He is also the Group Head of Corporate Governance, General Counsel,
Compliance Officer, and Corporate Secretary of Ayala Corporation. He is the
CEO of Ayala Group Legal. He serves as General Counsel and Corporate
Secretary of Ayala Land, Inc., and Corporate Secretary of Globe Telecom, Inc.,
Manila Water Company, Inc., Integrated Micro-Electronics, Inc. and Ayala
Foundation, Inc.; and a member of the Board of Directors of a number of
companies in the Ayala group. He graduated valedictorian with Bachelor of Laws
degree from San Beda College in 1986 and placed third in the 1986 Bar
Examination.
Jose Teodoro K. Limcaoco, Filipino, 52, was appointed Chief Finance Officer and
Finance Group Head of Ayala Corporation effective April 10, 2015. He is currently
the President of BPI Family Savings Bank. His prior assignments within the Ayala
group include President of BPI Capital Corporation from 2007 to 2010. He was
Officer-in-Charge for Ayala Life Assurance, Inc. and Ayala Plans, Inc., Trustee and
Treasurer of Ayala Foundation, Inc., President of myAyala.com, and CFO of
Azalea Technology Investments, Inc. He graduated with a degree in BS
Mathematical Sciences in Stanford University in 1984 and earned his Master’s
Degree in Finance from Wharton School University in 1988.
[NB: Mr. Limcaoco succeeded Mr. Delfin C. Gonzalez, Jr. as chief finance officer and Finance
group head on April 10, 2015.]
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Ruel T. Maranan, Filipino, 52, is a Managing Director of Ayala Corporation
effective January 1, 2015. He was the Group Director of Manila Water Company’s
Corporate Human Resources Group from 2004 to 2014. Before joining MWC, he
was part of various organizations such as Globe Telecom, Inc., Vitarich
Corporation, and Integrated Farm Management, among others. In MWC, Mr.
Maranan introduced numerous innovations in human resources management,
rallying behind the company’s being the first Filipino company to win the
prestigious Asian Human Capital Award in 2011, an award sponsored by the
Singapore Ministry of Manpower, CNBC Asia-Pacific, and INSEAD. Through his
leadership in human resources, MWC was vested the 2006 Outstanding
Employer of the Year by the People Management Association of the Philippines.
Mr. Maranan earned his AB Social Sciences degree from the Ateneo de Manila
University and his law degree from the University of Santo Tomas. He has also
completed the Harvard Leadership Management Program.
[NB: Mr. Maranan succeeded Ms. Maria Lourdes Heras-de Leon as president of Ayala
Foundation on March 1, 2015.]
John Philip S. Orbeta, Filipino, 53, has served as a member of the Ayala
Corporation Management Committee since May 2005 and the Ayala Group
Management Committee since April 2009. He is currently the Managing Director
and Group Head for Corporate Resources, covering Strategic Human Resources,
Corporate Communications and Information & Communications Technology at
Ayala Corporation. He is the President and CEO of Ayala Automotive Holdings,
Corporation and Automobile Central Enterprise, Inc. (Philippine importer of
Volkswagen). He is Chairman and CEO of Honda Cars Makati, Inc., Isuzu
Automotive Dealership, Inc., and Iconic Dealership, Inc.; Chairman of Ayala
Aviation Corporation and HRMall, Inc./IQBack Office. He also serves as a Director
of AG Counselors Corporation, BPI Family Bank, Inc. and ALFM Growth Fund, Inc.
He is concurrently the Chairman of the following councils at the Ayala Group:
Human Resources Council, Corporate Security Council, and the Ayala Business
Clubs and is the Program Director of the Ayala Young Leaders Congress. Prior to
joining Ayala Corporation, he was the Vice President and Global Practice Director
of the Human Capital Consulting Group at Watson Wyatt Worldwide (now
Towers Watson), overseeing the firm's practices in executive compensation,
strategic rewards, data services and organization effectiveness around the
world. He was also a member of Watson Wyatt's Board of Directors. He
graduated with a degree in A.B. Economics from the Ateneo de Manila
University in 1982.
Arthur R. Tan, Filipino, 55, has been a member of the Ayala Group Management
Committee since 2002. He is a Senior Managing Director of the company since
January 2007. He has been the President and Chief Executive Officer of
Integrated Micro-Electronics, Inc., a publicly listed company, since April 2002.
Concurrently, he is the President and Chief Executive Officer of PSi Technologies
Inc., and President of Speedy-Tech Electronics Ltd. He graduated with B.S. in
Electronics Communications Engineering degree from Mapua Institute of
Technology in 1982 and attended post-graduate programs at the University of
Idaho, Singapore Institute of Management, IMD, and Harvard Business School.
Updated March 2015
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