Managing Director, President, Ayala Foundation
Managing Director, President and CEO, AC Energy, Inc.
Senior Managing Director, President and CEO, Ayala Land, Inc.
Chairman and Chief Executive Officer
Managing Director, Chief Operating Officer, iPeople, Inc.
Senior Managing Director, CEO of Integrated Micro-Electronics, Inc. and President and CEO, AC Industrials Technology Holdings, Inc.
President and Chief Operating Officer
Managing Director, Chief Human Resources Officer and Group Head, Corporate Resources
President and CEO, Globe Telecom, Inc.
Senior Managing Director, Chief Finance Officer, Chief Risk Officer and Chief Sustainability Officer, Finance Group Head and President of AC Ventures Holding Corp
Managing Director, Group Head, Corporate Strategy and Development President and CEO, Ayala Healthcare Holdings Inc.
Managing Director, Chief Legal Officer, Corporate Secretary, Chief Compliance Officer, Data Protection Officer, and Group Head, Corporate Governance
Senior Managing Director, President and Chief Executive Officer, Bank of the Philippine Islands
Senior Managing Director, President and CEO, AC Infrastructure Holdings Corporation and Manila Water Company, Inc.
Management has created committees composed of key executives who meet regularly to discuss business performance and issues critical to the growth of the company, and to facilitate the flow of strategic and operational information among the company’s decision-makers. This ensures that decision-making is always made in the best interest of the organization.
Initiatives which are reviewed and endorsed by management-level committees are discussed at length with the appropriate Board-level Committees for approval and consequently, for endorsement to the full Board for ratification.
AYALA GROUP MANAGEMENT COMMITTEE
The Ayala Group Management Committee is composed of the Chairman and CEO, the President and COO, the five Ayala Corporation Group Heads, and the CEOs of the Ayala group companies. The Committee oversees the group strategic plan and ensures the alignment of individual business unit priorities to the group-wide direction. It meets regularly to review business performance, discuss group-wide issues and events, and identify areas of possible synergy and collaboration.
INVESTMENT COMMITTEE
The Investment Committee (IC) is composed of the Chairman and CEO, the President and COO, and key members of the company’s senior management.
The IC reviews, provides direction, and gives preliminary approval for initiatives that may originate from the company or its subsidiaries specifically requiring funding from the company. Once a project clears the IC, it is endorsed for approval to the appropriate Board Committee and to the full Board.
AYALA CORPORATION MANAGEMENT COMMITTEE
The Ayala Corporation Management Committee includes the Chairman and CEO, the President and COO, and the Group Heads. The Committee approves corporate, administrative, and organizational matters that pertain exclusively to the company, as well as group-wide affairs when relevant.
Ayala Group Management Committee Members Profiles
JOSE RENE GREGORY D. ALMENDRAS
Filipino, 59, Senior Managing Director
President and Chief Executive Officer of Manila Water Company, Inc. and AC Infrastructure Holdings Corporation and member of the Ayala Corporation Management Committee and the Ayala Group Management Committee since August 2016
Academic/Professional Qualifications
• B.S. in Business Management degree from the Ateneo de Manila University in 1981
• Strategic Business Economics Program from University of Asia & the Pacific in 1999
• Former President of Manila Water Company, Inc.
• Former officer in Ayala Land, Inc.
• Secretary of Foreign Affairs for the Republic of the Philippines from March to June 2016
• Cabinet Secretary under the Office of the President from November 2012 to March 2016
• Secretary of the Department of Energy from July 2010 to October 2012
• Former CEO and President of City Savings Bank of the Aboitiz Group at the age of 37
• Spent 13 years with the Citibank where he started as a management trainee
Present Directorship(s)/Position(s)
• Chairman of the Executive Committee of Manila Water Company, Inc.
• Director of AF Payments Inc. Light Rail Manila Holdings, Inc. MCX Tollway Inc. and AC Energy Philippines, Inc.
CEZAR P. CONSING
Filipino, 60, Senior Managing Director
President and CEO of Bank of the Philippine Islands and Member of the Ayala Group Management Committee since April 2013
Academic/Professional Qualifications
• A.B (Accelerated Program) Economics (Magna Cum Laude) from De La Salle University in 1979
• M.A. Applied Economics from the University of Michigan, Ann Arbor, in 1980
• Worked for BPI’s corporate planning and corporate banking divisions from 1980 – 1985
• Senior Managing Director J.P. Morgan & Co. in Hong Kong and Singapore from 1985 – 2004; co-head of the firm’s investment banking business in Asia Pacific from 1997 – 2004; member of the firm’s global investment banking management committee and its Asia Pacific management committee; President of J.P. Morgan Securities (Asia Pacific) Ltd.from 1999 – 2004
• Partner at The Rohatyn Group from 2004 – 2013, ran its Hong Kong office and its private investing business in Asia, and was a board director of its real estate, and energy and infrastructure private equity investing subsidiaries
Present Directorship(s)/Position(s)
• Independent Director of Jollibee Foods Corporation
• President of Bancnet, Inc.
• Chairman of Philippine Dealing Systems Holdings Corp.
• Chairman and President of the Bankers Association of the Philippines
• Director of LGU Guarantee Corporation, Filgifts.com., The Rohatyn Group, Sqreem Technologies and Endeavor Philippines
• Director of the US-Philippines Society, Trustee of the Manila Golf Club Foundation, and a member of the Trilateral Commission
BERNARD VINCENT O. DY
Filipino, 56, Senior Managing Director
President and Chief Executive Officer of Ayala Land, Inc. and member of the Ayala Group Management Committee since April 2014
Academic/Professional Qualifications
• B.B.A Accountancy from the University of Notre Dame in 1985
• Master’s Degree in Business Administration in 1997 and in International Relations in 1989, both at the University of Chicago
• Worked as Head of the Ayala Land, Inc.’s Residential Business, Commercial Business and Corporate Marketing and Sales
Present Directorship(s)/Position(s)
• Director of Cebu Holdings, Inc, AyalaLand Logistics Holdings Corp.. and MCT Bhd of Malaysia
• Chairman of Alveo Land Corp., Ayala Property Management Corporation, Makati Development Corporation, Amaia Land Corporation, Avencosouth Corp., Bellavita Land Corporation, Ayagold Retailers, Inc., Station Square East Commercial Corporation, Aviana Development Corp., Cagayan De Oro Gateway Corp., BGSouth Properties, Inc., BGNorth Properties, Inc., BGWest Properties, Inc., Nuevocentro, Inc., Portico Land Corp. and Philippine Integrated Energy Solutions, Inc.
• Vice Chairman of Ayala Greenfield Development Corporation and Alviera Country Club, Inc.
• Director and President of Bonifacio Land Corporation, Emerging City Holdings, Inc., Columbus Holdings, Inc., Berkshires Holdings, Inc., Fort Bonifacio Development Corporation, Aurora Properties Incorporated, Vesta Property Holdings, Inc., Ceci Realty Inc., Alabang Commercial Corporation and Accendo Commercial Corp.
• President of the Hero Foundation Incorporated and Bonifacio Art Foundation, Inc.
• Director of Avida Land Corp., Amicassa Process Solutions, Inc., Whiteknight Holdings, Inc., AyalaLand Medical Facilities Leasing, Inc., Serendra, Inc., Alveo-Federal Land Communities, Inc., ALI Eton Property Development Corporation and AKL Properties, Inc.
• Trustee of Ayala Foundation, Inc. and Ayala Group Club, Inc.
• Member of the Advisory Council of the National Advisory Group for the Police Transformation Development of the Philippine National Police
JOSE TEODORO K. LIMCAOCO
Filipino, 57, Senior Managing Director
Chief Finance Officer, Chief Risk Officer, Chief Sustainability Officer, Finance Group Head, and member of Ayala Corporation Management Committee and the Ayala Group Management Committee since 2015
Academic/Professional Qualifications
• BS Mathematical Sciences (Honors Program) from Stanford University in 1984
• MBA (Finance and Investment Management) from the Wharton School of the University of Pennsylvania in 1988
• Former President of BPI Family Savings Bank, and BPI Capital Corporation, 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.
• President of the Chamber of Thrift Banks from 2013 – 2015
• Worked with JP Morgan & Co. and with BZW Asia
Present Directorship(s)/Position(s)
• Director of Bank of the Philippine Islands, Globe Telecom, Inc. and Integrated Micro-Electronics, Inc.
• Independent director of SSI Group, Inc.
• Chairman of Darong Agricultural and Development Corporation and Zapfam Inc.
• Vice Chairman of Lagdigan Land Corporation
• President and CEO of AC Ventures Holding Corp., AYC Finance Limited, Bestfull Holdings Limited and Purefoods International Limited
• President of Liontide Holdings, Inc. and Philwater Holdings Company, Inc.
• Director of Ayala Hotels, Inc., AC Energy, Inc., Ayala Healthcare Holdings, Inc., AC Infrastructure Holdings Corporation, Ayala Aviation Corporation, AC Education, Inc., Asiacom Philippines, Inc., Ayala Group Legal, Michigan Holdings, Inc., AC Industrial Technology Holdings, Inc., A.C.S.T Business Holdings, Inc., LICA Management Inc., and Just For Kids, Inc.
• Treasurer of Ayala Retirement Fund Holdings, Inc.
ARTHUR R. TAN
Filipino, 60, Senior Managing Director
President and Chief Executive Officer of AC Industrial Technology Holdings, Inc., Chief Executive Officer of Integrated Micro-Electronics, Inc. (IMI) and member of the Ayala Group Management Committee since 2002
Academic/Professional Qualifications
• B.S. in Electronics Communications Engineering degree from Mapua Institute of Technology in 1982
• Post-graduate programs at the University of Idaho, Singapore Institute of Management, IMD and Harvard Business School
• President of IMI from July 2001 to June 2016
• Managing Director for Asia Pacific Region/Japan of American Microsystems Inc. from 1998 to 2001
• Northeast Area Sales Manager and Acting Design Center Manager of American Microsystems Inc. (Massachusetts, USA) from 1994 to 1998
Present Directorship(s)/Position(s)
• Chairman of the Board and Chief Executive Officer of PSi Technologies Inc. and Merlin Solar Technologies (Phils.), Inc.
• Chairman of the Board of Surface Technology International (STI), Ltd.
• President and Chief Executive Officer of Speedy-Tech Electronics Ltd.
• Chairman of the Advisory Board of Via Optronics GmbH and MT Technologies GmbH
ERNEST LAWRENCE L. CU
Filipino, 59
President and Chief Executive Officer of Globe Telecom, Inc and member of the Ayala Group Management Committee since January 2009
Academic/Professional Qualifications
• BS Industrial Management Engineering from De La Salle University in 1982
• Master’s Degree in Business Administration at the JL Kellogg Graduate School of Management in 1984
• President and CEO of SPI Technologies, Inc. prior to joining Globe
Present Directorship(s)/Position(s)
• Trustee of Ayala Foundation, Inc. and Hero Foundation, Inc.
• Director of various subsidiaries of Globe Telecom, Inc.
ALFREDO I. AYALA
Filipino, 58, Managing Director
President and Chief Executive Officer of LiveIt Investments Limited, Chief Operating Officer of iPeople, Inc., and member of the Ayala Group Management Committee since June 2006
Academic/Professional Qualifications
• B.A. in Development Studies (Honors) and Economics from Brown University in 1982
• MBA from the Harvard Graduate School of Business Administration in 1987
Present Directorship(s)/Position(s)
• Director of Affinity Express Holdings, Ltd., and Azalea International Venture Partners Limited
• Chairman and President of AC College of Enterprise and Technology, Inc., National Teachers College, and LINC Institute
• Chairman of Affordable Private Education Center, Inc., Newbridge International Investments Limited and University of Nueva Caceres
• Vice Chairman and Vice President of Affinity Express Philippines, Inc.
• Trustee of Ayala Foundation, Inc and Philippine Business for Education (PBEd)
PAOLO MAXIMO F. BORROMEO
Filipino, 42, Managing Director
Corporate Strategy and Development Group Head, President and Chief Executive Officer of Ayala Healthcare Holdings, Inc., and member of Ayala Corporation Management Committee and the Ayala Group Management Committee since September 2014
Academic/Professional Qualifications
• B.S. degree in Management Engineering from the Ateneo de Manila University
• Master’s in Business Administration with honors from the Wharton School at the University of Pennsylvania
• Former Principal at Booz & Company, a global strategy consulting firm, based in San Francisco, California, USA
Present Directorship(s)/Position(s)
• President and Chief Executive Officer of Ayala Healthcare Holdings, Inc. and of Zapfam, Inc.
• Vice Chairman of the Generika Group of Companies
• Director of AC Ventures Holding Corp., AC Industrial Technology Holdings Inc., HCX Technology Partners, Inc., Ayala International Holdings Limited, AG Holdings Limited and LiveIt Investments Limited
JOHN ERIC T. FRANCIA
Filipino, 48, Managing Director
President and Chief Executive Officer of AC Energy, Inc and member of the Ayala Corporation Management Committee and the Ayala Group Management Committee since January 2009
Academic/Professional Qualifications
• BA in Humanities and Political Economy (magna cum laude) from the University of Asia & the Pacific in 1993
• Master’s Degree in Management Studies (First Class Honors) at the University of Cambridge in the United Kingdom in 1995
• Former Corporate Strategy and Development Group Head of Ayala Corporation
• Former Senior consultant and member of the management team of Monitor Group, a strategy consulting firm based in Cambridge, Massachusetts, USA
Present Directorship(s)/Position(s)
• Director of Purefoods International Limited, Ayala Healthcare Holding, Inc., AC College of Enterprise and Technology, Inc., LINC Institute, Inc., AC Ventures Holding Corp., Ayala Aviation Corporation, Zapfam, Inc., Northwind Power Development Corporation, North Luzon Renewable Energy Corporation, Light Rail Manila Corporation, AC Infrastructure Holdings Corporation, Ayala Hotels, Inc., Michigan Holdings, Inc., and other various companies under the AC Energy Group
SOLOMON M. HERMOSURA
Filipino, 57, Managing Director
Chief Legal Officer, Corporate Secretary, Chief Compliance Officer, Data Protection Officer and Corporate Governance Group Head, and member of the Ayala Corporation Management Committee since 2009 and the Ayala Group Management Committee since 2010
Academic/Professional Qualifications
• Bachelor of Laws (Valedictorian and top 3 in the 1986 Bar Examination) from San Beda College in 1986
Present Directorship(s)/Position(s)
• President and Chief Executive Officer of Ayala Group Legal
• Corporate Secretary and Group General Counsel of Ayala Land, Inc.
• Corporate Secretary of Globe Telecom, Inc., Manila Water Company, Inc., Integrated Micro-Electronics, Inc., AC Energy Philippines, Inc. and Ayala Foundation, Inc.
• Corporate Secretary and a member of the Board of Directors of a number of companies in the Ayala group
• Member of the faculty of the College of Law of San Beda University
RUEL T. MARANAN
Filipino, 57, Managing Director
President of Ayala Foundation, Inc.
Academic/Professional Qualifications
• AB Social Sciences degree from the Ateneo de Manila University
• Bachelor of Laws degree from the University of Santo Tomas
• Leadership Management Program from Harvard University
• Group Director of Manila Water Company, Inc. (MWC)’s Corporate Human Resources Group from 2004 to 2014
Present Directorship(s)/Position(s)
• Director of Asticom Technology, Inc. and People’s Management of the Philippines Foundation
• Member of the Board of Advisers of Natasha Goulbourn Foundation
• Member of the board of representatives of CIFAL Philippines
JOHN PHILIP S. ORBETA
Filipino, 58, Managing Director
Chief Human Resources Officer, Group Head for Corporate Resources, and member of the Ayala Corporation Management Committee since May 2005 and the Ayala Group Management Committee since April 2009
Academic/Professional Qualifications
• A.B. Economics from the Ateneo de Manila University in 1982
• Former President and CEO of Ayala Automotive Holdings Corporation and Automobile Central Enterprise, Inc. (Philippine importer of Volkswagen)
• Former Chairman and CEO of Honda Cars Makati, Inc., Isuzu Automotive Dealership, Inc. and Iconic Dealership, Inc.
• Former Vice President and Global Practice Director of the Human Capital Consulting Group at Watson Wyatt Worldwide (now Willis Towers Watson)
Present Directorship(s)/Position(s)
• Chairman of Ayala Aviation Corporation, Ayala Group HR Council, Ayala Group Corporate Security Council and Ayala Business Clubs
• Chairman and President of HCX Technology Partners, Inc.
• Vice Chairman of Ayala Group Club, Inc.
• Director of AG Counselors Corporation, AC Industrial Technology Holdings, Inc., Ayala Foundation Inc., Ayala Healthcare Holdings, Inc., Ayala Retirement Fund Holdings, Inc., ZapFam Inc., Generika Group of Companies, BPI Family Bank, Inc., ALFM Growth Fund, Inc., ALFM Money Market Fund, Inc., ALFM Peso Bond Fund, Inc., ALFM Dollar Bond Fund, Inc., ALFM Euro Bond Fund, Inc., ALFM Global Multi-Asset Income Fund, Inc., ALFM Retail Corporate Fixed Income Fund, Inc. and the Philippine Stock Index Fund Corporation