Jaime Augusto Zobel de Ayala Confirms Fernando Zobel de Ayala To Go On “Temporary Medical Leave”

Jaime Augusto Zobel de Ayala: “I want to assure everyone that Fernando is in high spirits, but he has asked for some time to focus on his health and recovery.”

JAIME AUGUSTO ZOBEL DE AYALA — The businessman confirmed that his brother, Ayala CEO Fernando Zobel de Ayala, will be going on a “temporary medical leave”

Fernando Zobel de Ayala

To recall, Ayala Corporation announced on Monday a temporary change in leadership as Fernando has taken a temporary medical leave of absence.

Ayala Corp., in a regulatory filing, said that Fernando took a medical leave of absence as vice-chairman of the board and president and chief executive officer (CEO).

According to Ayala Corp., Fernando remains a member of the board but has stepped down as member of the company’s Executive Committee and Finance Committee.

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To confirm the company’s statement, Jaime Augusto announced in his Facebook post that his brother is taking a “temporary medical leave” in order to focus on improving his health.

I want to assure everyone that Fernando is in high spirits, but he has asked for some time to focus on his health and recovery,” he said. “We all have so many responsibilities and commitments in all aspects of our lives, but first and foremost, we should all prioritize our health and well-being.

He added that his family is fully supportive of his brother’s decision to take a leave so that his brother can do whatever is necessary in order to rebuild his strength.

Jaime Augusto Zobel de Ayala

GMA News Online reported that Fernando took over the top position effective April 23, 2021, as Jaime Augusto focused on his role as chairman of the conglomerate.

Jaime Augusto also confirms that the board has elected Cezar “Bong” P. Consing as interim President & CEO of Ayala Corporation and Delfin Lazaro as the company’s Vice-Chairman of the Executive Committee.

Based on the report, the board elected Consing as acting president and CEO during a special meeting held last August 14, as endorsed by the Corporate Governance and Nomination (CGN) Committee.

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