AYALA GROUP MANAGEMENT COMMITTEE
The write-ups below as indicated in the 2014 Definitive Information Statement (March 2014) include
positions held as of December 31, 2013 and in the past five years and personal data as of December 31,
2012.
Jaime Augusto Zobel de Ayala, Filipino, 54, is the Chairman and CEO of Ayala Corporation since April
2006. He also holds the following positions: Chairman of Globe Telecom, Inc., Integrated MicroElectronics, Inc. and Bank of the Philippine Islands; Co-Chairman of Ayala Foundation, Inc.; Vice
Chairman of Ayala Land, Inc. and AC Energy Holdings, Inc.; Chairman of Harvard Business School AsiaPacific Advisory Board and Asia Business Council; Vice Chairman of the Makati Business Club, and
member of the Harvard Global Advisory Council, Mitsubishi Corporation International Advisory
Committee, JP Morgan International Council, International Business Council of the World Economic
Forum; Philippine Representative for APEC Business Advisory Council.
Fernando Zobel de Ayala, Filipino, 53, is the President and Chief Operating Officer of Ayala Corporation
since April 2006. He is also Chairman of Ayala Land, Inc., Manila Water Company, Inc., AC International
Finance Ltd., AC Energy Holdings, Inc., and Hero Foundation, Inc.; Co-Chairman of Ayala Foundation,
Inc.; Director of Bank of The Philippine Islands, Globe Telecom, Inc., Integrated Micro-Electronics, Inc.,
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 Asia Society, INSEAD East Asia Council, 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 and National
Museum.
Gerardo C. Ablaza, Jr., Filipino, 60 has served as member of the Management Committee of Ayala
Corporation (Ayala Group) since 1998. He also holds the following positions: President and CEO of
Manila Water Company, Inc; Chairman of AAA Water Corporation, Boracay Island Water Company, Inc.,
Cebu Manila Water Development, Inc., Clark Water Corporation, Manila Water Total Solutions Corp.,
Manila Water Asia Pacific Pte. Ltd, Manila Water South Asia Holdings Pte. Ltd., Thu Duc Water Holdings
Pte.Ltd., and Kenh Dong Water Holdings Pte.Ltd; Chairman & President of Manila Water Consortium,
Inc. (formerly Northern Waterworks and Rivers of Cebu, Inc.), and Manila Water International Solutions,
Inc.; Vice-Chairman of Laguna AAAWater Corporation; Co-Vice Chairman of Globe Telecom, Inc.;
Director of Azalea International Venture Partners Limited, Asiacom Philippines, Inc., and LiveIT
Investment Ltd.; Member of the Board of Management of Thu Duc Water B.O.O. Corp; and President of
Manila Water Foundation.
He was President and CEO of Globe Telecom, Inc. from 1998 to April 2009. Mr. Ablaza was previously
Vice-President and Country Business Manager for the Philippines and Guam of Citibank, N.A. for its
Global Consumer Banking Business. Prior to this position, he was Vice-President for Consumer Banking
of Citibank, N.A. Singapore. Attendant to his last position in Citibank, N.A., he was the bank’s
representative to the board of directors of City Trust Banking Corporation and its various subsidiaries. In
2004, he 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.
Antonino T. Aquino, Filipino, 66, has served as a member of the Management Committee of Ayala
Corporation (Ayala Group) since August 1998. He also holds the following positions: President of Ayala
Land, Inc.; Chairman of Alveo Land Corp., Cebu Holdings, Inc., Cebu Property Ventures & Development
Corp., Ayala Hotels, Inc., Makati Development Corp., North Triangle Depot Commercial Corp., and
Station Square East Commercial Corp.; President of Fort Bonifacio Development Corp., Alabang
Commercial Corp., Accendo Commercial Corp., Aurora Properties, Inc., Ceci Realty, Inc., and Vesta
Property Holdings, Inc.; and Director of Manila Water Company, Inc..He also serves as a member of the
board of various corporate social responsibility foundations such as Ayala Foundation, Inc., Makati
Commercial Estate Association, Inc., Hero Foundation, Inc., and Bonifacio Arts Foundation, Inc. He also
served as President of Manila Water Company, Inc., and Ayala Property Management Corporation and a
Business Unit Manager in IBM Philippines, Inc. He was named “Co-Management Man of the Year 2009”
by the Management Association of the Philippines for his leadership role in a very successful waterworks
privatization and public-private sector partnership. [NB: He retired in April 2014 and was succeeded by
Bernard Vincent O. Dy]
Cezar P. Consing, Filipino, 54, is a Senior Managing Director of Ayala Corporation and President and CEO
of Bank of the Philippine Islands since April 2013. He has been a director of BPI and an independent
director of Jollibee Foods Corporation since 2010. 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.
Arthur R. Tan, Filipino, 54, has been a member of the Management Committee of Ayala Corporation
(Ayala Group) since 2002. He is a Senior Managing Director of the Company since 2007. He has been the
President and Chief Executive Officer of Integrated Micro-Electronics, Inc. since April 2002. Concurrently,
he is the President and Chief Executive Officer of PSi Technologies Inc., and President of Speedy-Tech
Electronics Ltd.
Ernest Lawrence L. Cu, Filipino, 53, has been a member of the Management Committee of Ayala
Corporation (Ayala Group) since January 2009. He is the President and Chief Executive Officer of Globe
Telecom, Inc. In 2013, Ernest 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. In
2003, he was awarded the Ernst & Young ICT Entrepreneur of the Year. He is a trustee of Ayala
Foundation, Inc., Hero Foundation, Inc., and De La Salle College of St. Benilde. 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.
Alfredo I. Ayala, Filipino, 52, has been a Managing Director of Ayala Corporation since June 2006. He is
the Chief Executive Solutions, Inc.; and Director of NewBridge International Investment Limited, Affinity
Express Holdings Limited and HRMall Holdings Limited.
Maria Lourdes Heras-De Leon, Filipino, 59, has been a Managing Director of Ayala Corporation since
October 2011 and the President of Ayala Foundation, Inc. since January 2012. 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. Today, she spearheads the advocacies of Ayala Foundation: Education, Youth
Leadership, Sustainable Livelihood and Arts & Culture.
John Eric T. Francia, Filipino, 42, is a Managing Director and a member of the Ayala Corporation
Management Committee and the Group Management Committee since January 2009. He is the head of
Ayala’s Corporate Strategy and Development Group, which is responsible for overseeing Ayala’s
portfolio strategy and new business development. He is also holds the following positions: Chairman and
President of PhilNewEnergy, Inc.; President of AC Energy Holdings, Inc. and AC Infrastructure Holdings
Corp.; Director of Manila Water Company, Integrated Micro-Electronics, Inc., LiveIt Investments Ltd. and
HCM City Infrastructure Investment Joint Stock Company.
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.
Delfin C. Gonzalez, Jr., Filipino, 64, is the Chief Finance Officer of Ayala Corporation and is also a
member of its Management Committee and Finance Committee since April 2010. He joined Ayala
Corporation in late 2000, assigned as Chief Finance Officer for its subsidiary, Globe Telecom, Inc. until
early 2010. 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 Integrated Micro-Electronics,
Inc., 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.
Solomon M. Hermosura, Filipino, 51, has served as Managing Director of Ayala Corporation since 1999
and a member of its 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
Corporate Secretary of Ayala Land, Inc., 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.
John Philip S. Orbeta, Filipino, 52, has served as a member of the Ayala Corporation Management
Committee since 2005 and the Group Management Committee since 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 for the firm's
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.