Fernando Zobel takes sick leave as Ayala CEO

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“Please be informed that Mr. Fernando Zobel de Ayala, with the approval of our board of directors, has taken a temporary medical leave of absence as our vice-chairman of the board and president and chief executive officer. He remains a member of ou- READ:

Ayala said in a disclosure to the stock exchange the board in a special meeting on Aug. 14 elected Cezar Consing as acting president and CEO. The company did not provide further details on Zobel de Ayala’s medical condition.

Consing, a former president and chief executive of Bank of the Philippine Islands, is a director at several Ayala-owned listed companies, including Ayala Corp., BPI, Globe Telecom Inc. and ACEN Corp.

 

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