Fernando Zobel de Ayala takes medical leave from Ayala Corp.

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Ayala Corp., the country’s oldest conglomerate, on Monday announced a temporary change in leadership as its highest official has taken a temporary medical leave of absence.

In a regulatory filing, Ayala Corp. said Fernando Zobel de Ayala took a medical leave of absence as vice-chairman of the board and president and chief executive officer.

“He remains a member of our board but has stepped down as member of our Executive Committee and Finance Committee,” it said, but did not elaborate., as his brother Jaime Augusto Zobel de Ayala focused on his role as chairman of the conglomerate. The board also elected Cezar Consing as acting president and chief executive officer during a special meeting held on Sunday, August 14, as endorsed by the Corporate Governance and Nomination Committee.serves as a director at Ayala Corp., ACEN Corp., Globe Telecom Inc.

Source: Healthcare Press (healthcarepress.net)

 

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