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 29, 2022, 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
Non-Executive Director |
Mermac, Inc. | Arlene B. Montero | May 1987 | 35 |
Fernando Zobel de Ayala
Executive Director |
Mermac, Inc. | Arlene B. Montero | May 1994 | 28 |
Delfin L. Lazaro
Non-Executive Director |
N.A. | Arlene B. Montero | January 2007 | 15 |
Cezar P. Consing
Non-Executive Director |
N.A. | Arlene B. Montero | December 3, 2020 | 1.25 |
Rizalina G. Mantaring
Lead Independent Director* |
N.A. | Arlene B. Montero (no relation to Ms. Mantaring) | April 2020 | 2 |
Chua Sock Koong
Independent Director |
N.A. | Arlene B. Montero (no relation to Ms. Chua) | April 23, 2022 | 0 |
Cesar V. Purisima
Independent Director |
N.A. | Arlene B. Montero (no relation to Mr. Purisima) | April 23, 2022 | 0 |
*Lead Independent Director effective April 29, 2022.
The Chairman of the Board is Jaime Augusto Zobel de Ayala, who assumed the position in 2006. Fernando Zobel de Ayala has held the position of Co-Vice Chairman from 1994 to 2006 and sole Vice Chairman since 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.