The Board of Directors of Ayala is composed of seven (7) directors who are elected annually at the Company’s stockholders’ meeting. At the annual stockholders’ meeting on April 28, 2023, the following were elected to the Board:
|Director||If nominee, identify the principal||Nominator in the last election (if ID, state the relationship with the nominator)||Date first elected||No. of years served as director|
|Jaime Augusto Zobel de Ayala
|Mermac, Inc.||Elma B. Guinto||May 1987||36|
|Delfin L. Lazaro
|N.A.||Elma B. Guinto||January 2007||16|
|Cezar P. Consing
|N.A.||Elma B. Guinto||December 3, 2020||2.25|
|Mercedita S. Nolledo
|N.A.||Elma B. Guinto||September 27, 2022||.5|
|Rizalina G. Mantaring
Lead Independent Director**
|N.A.||Elma B. Guinto (no relation to Ms. Mantaring)||April 24, 2020||3|
|Chua Sock Koong
|N.A.||Elma B. Guinto (no relation to Ms. Chua)||April 29, 2022||1|
|Cesar V. Purisima
|N.A.||Elma B. Guinto (no relation to Mr. Purisima)||April 29, 2022||1|
*Executive Director effective August 15, 2022.
**Lead Independent Director effective April 29, 2022.
Jaime Augusto Zobel de Ayala is the Chairman of the Board, who assumed the position in 2006.
The profiles of each board director may be viewed here- http://www.ayala.com.ph/board-directors
The independent directors have no interest or relationship with the company that may hinder their independence from the company, Management or shareholders which could materially interfere with their exercise of independent judgment in carrying out their responsibilities as directors.