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Zobel de Ayala returns to Ayala Land as board advisor
Zobel de Ayala returns to Ayala Land as board advisor
Nation
Zobel de Ayala returns to Ayala Land as board advisor
by Christhel Cuazon22 February 2023

Business tycoon Fernando Zobel de Ayala has returned to Ayala Land as a board advisor months after resigning as vice chairman of the board, president, and CEO of the Ayala Corp., the oldest and largest conglomerate in the country, late last year.

In September 2022, Ayala Corp. announced Zobel de Ayala’s resignation in order to “allow him to focus more on his recovery and health.”

However, a document released online dated February 21 announced that the 62-year-old magnate has agreed to serve as an advisor to the board of Ayala Land Inc.

On Aug. 15, Zobel took a medical leave of absence but no further details regarding the leave were released at that time.

His older brother Jaime Augusto Zobel de Ayala, later on, took over as chairman and his niece Mariana filled his shoes as director.

In 1994, Zobel succeeded his father Jaime Zobel de Ayala, as the Ayala Corp. president and CEO.

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