LEADERSHIP

Message from the Chairman

Fellow Shareholders,

Over a year ago, on March 11, 2020, the WHO declared COVID-19 a global pandemic. We could not have imagined then—dire as it already was at that time—that the pandemic would stretch well beyond one year and keep going, that what began as a health crisis would stretch into a complex combination of four crises rolled into one: a health, social, economic, and even a geopolitical crisis…

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Report of the President

Fellow Shareholders,

Ayala Corporation delivered an outstanding track record of creating shareholder value. Since 1995, our market capitalization expanded more than sixfold and our net income similarly grew more than six times. Since 1995, we rewarded our shareholders with dependable returns that averaged at 15 percent per annum. Over that period, we cumulatively paid ₱118 billion in dividends to our common shareholders…

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Board of Directors

JAIME AUGUSTO ZOBEL DE AYALA

Executive Director, Chairman, and
Chief Executive Officer

FERNANDO ZOBEL DE AYALA

Executive Director, Vice Chairman,
President, and Chief Operating Officer

DELFIN L. LAZARO

Non-Executive Director

KEIICHI MATSUNAGA

Non-Executive Director

XAVIER P. LOINAZ

Lead Independent Director

ANTONIO JOSE U. PERIQUET

Lead Independent Director

RIZALINA G. MANTARING

Independent Director

CEZAR P. CONSING

Executive Director

Management Committee

JOHN ERIC T. FRANCIA

Managing Director, President and CEO,
AC Energy Corporation

RUEL T. MARANAN

Managing Director, President, Ayala Foundation

BERNARD VINCENT O. DY

Senior Managing Director, President and CEO,
Ayala Land, Inc.

JAIME AUGUSTO ZOBEL DE AYALA

Chairman and Chief Executive Officer

ALFREDO I. AYALA

Managing Director, Chief Operating Officer, iPeople, Inc.

ARTHUR R. TAN

Senior Managing Director, President and
CEO of Integrated Micro-Electronics, Inc. and
AC Industrials Technology Holdings, Inc.

FERNANDO ZOBEL DE AYALA

President and Chief Operating Officer

JOHN PHILIP S. ORBETA

Managing Director, Chief Human Resources Officer
and Group Head, Corporate Resources

ERNEST LAWRENCE L. CU

President and CEO, Globe Telecom, Inc.

JOSE TEODORO K. LIMCAOCO

Senior Managing Director, Chief Finance Officer,
Chief Risk Officer, Chief Sustainability Officer, Finance
Group Head and President of AC Ventures Holdings Corp.

PAOLO MAXIMO F. BORROMEO

Managing Director, Group Head, Corporate Strategy

and Development, and President and CEO,
Ayala Healthcare Holdings Inc.

SOLOMON M. HERMOSURA

Managing Director, Chief Legal Officer, Corporate
Secretary, Chief Compliance Officer, Data Protection
Officer, and Group Head, Corporate Governance

CEZAR P. CONSING

Senior Managing Director, President and CEO,
Bank of the Philippine Islands

JOSE RENE GREGORY D. ALMENDRAS

Senior Managing Director, President and CEO of Manila
Water Company, Inc. and AC Infrastructure Holdings
Corporation

Senior Leadership

SENIOR MANAGING DIRECTOR
Jose Rene Gregory D. Almendras
Cezar Juan P. Consing
Bernard Vincent O. Dy
Jose Teodoro K. Limcaoco
Arthur R. Tan

MANAGING DIRECTOR
Emmanuel A. Aligada
Alfredo Antonio I. Ayala
Paolo Maximo F. Borromeo
Ma. Cecilia T. Cruzabra
John Eric T. Francia
Solomon M. Hermosura
Ruel T. Maranan
John Philip S. Orbeta
Ginaflor C. Oris
Virgilio C. Rivera
Sheila Marie U. Tan

EXECUTIVE DIRECTOR
Josette Adrienne A. Abarca
Fatima P. Agbayani
Yla G. Alcantara
Catherine H. Ang
Robert Michael N. Baffrey
Estelito C. Biacora
Josephine G. De Asis
Emily C. De Lara
Rosallie A. Dimaano
Felipe Antonio P. Estrella
Romualdo L. Katigbak
Noel Eli B. Kintanar
Gabino Ramon G. Mejia
Jenara Rosanna F. Ong
Alfonso Javier D. Reyes
Ma. Victoria A. Tan
Norma P. Torres

ASSOCIATE DIRECTOR
Maria Susana C. Bables
Janet G. Bautista
Sherry M. Gosiengfiao
Celeste M. Jovenir
Vivian L. Santamaria
Gabriel Q. Villaluz

CONSULTANTS
Gerardo C. Ablaza
Maria Purificacion S. Jalandoni
Delfin L. Lazaro
Simon C. Mossesgeld
Marciano A. Paynor