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Ayala Corp (AC.PS)

AC.PS on Philippine Stock Exchange

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27 Jun 2016
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Summary

Name Age Since Current Position

Jaime Augusto Zobel de Ayala

57 2006 Chairman of the Board, Chief Executive Officer

Fernando Zobel de Ayala

55 2006 Vice Chairman of the Board, President, Chief Operating Officer

Jose Teodoro Limcaoco

53 2015 Chief Financial Officer, Chief Risk Officer, Managing Director, Group Head - Finance

Gerardo Ablaza

62 President and Chief Executive Officer - Manila Water Company Inc

Emmanuel Aligada

Managing Director

Alfredo Ayala

53 2006 Managing Director, Chief Executive Officer - LiveIt Investments Ltd

Cezar Consing

56 President and Chief Executive Officer - Bank of the Philippine Islands

Ernest Lawrence Cu

54 President and Chief Executive Officer - Globe Telecom Inc

Ferdinand Dela Cruz

Managing Director

Bernard Vincent Dy

51 2014 President and Chief Executive Officer - Ayala Land Inc

John Eric Francia

44 2015 Managing Director

Gil Genio

55 Managing Director

Ronald Luis Goseco

Managing Director

Ruel Maranan

52 2015 Managing Director, President - Ayala Foundation Inc

John Philip Orbeta

53 2005 Group Head - Corporate Resources, Chairman and President - Ayala Automotive Holdings Corporation

Luis Juan Oreta

58 Managing Director

Ginaflor Oris

48 2010 Managing Director, Head - Corporate Finance and Asset Management

Virgilio Rivera

53 Managing Director

Jaime Ysmael

54 Managing Director

Solomon Hermosura

52 2011 Managing Director, General Counsel, Corporate Secretary, Group Head - Corporate Governance

Paolo Maximo Borromeo

37 2016 Managing Director, Group Head for Corporate Strategy and Development, Executive Director

Josephine De Asis

43 2015 Controller, Executive Director

Ramon Opulencia

58 2005 Managing Director, Treasurer

Ma. Cecilia Cruzabra

48 2014 Treasurer, Executive Director

Catherine Ang

2015 Executive Director, Chief Internal Auditor

Ruby Chiong

Executive Director

Rosallie Dimaano

Executive Director

Noel Eli Kintanar

Executive Director

Monina Macavinta

Executive Director

Jenara Rosanna Ong

Executive Director

Maria Angelica Rapadas

Executive Director

Alfonso Javier Reyes

Executive Director

Ma. Victoria Sugapong

Executive Director

Arthur Tan

56 2007 Senior Managing Director, President and Chief Executive Officer - Integrated Micro-Electronics Inc

Sheila Marie Tan

46 2014 Executive Director

Dodjie Lagazo

2015 Assistant Corporate Secretary

Charlene Mae Tapic-Castro

2015 Assistant Corporate Secretary

Yoshio Amano

56 2012 Non-Executive Director

Delfin Lazaro

70 2007 Non-Executive Director

Ramon del Rosario

71 2010 Independent Director

Xavier Loinaz

71 2009 Independent Director

Antonio Jose Periquet

54 2010 Independent Director

Biographies

Name Description

Jaime Augusto Zobel de Ayala

Mr. Jaime Augusto Zobel de Ayala serves as Chairman of the Board and Chief Executive Officer of Ayala Corporation since April 2006. He serves as a Director since May 1987. He holds the following positions in publicly listed companies: Chairman of Globe Telecom Inc., Integrated Micro- Electronics Inc. and Bank of the Philippine Islands; and Vice Chairman of Ayala Land Inc. and Manila Water Company Inc. He is also the Co-Chairman of Ayala Foundation Inc.; Vice Chairman of AC Energy Holdings Inc.; Chairman of Harvard Business School Asia-Pacific Advisory Board; Vice Chairman of the Makati Business Club; and Member of the Harvard Global Advisory Council, Mitsubishi Corporation International Advisory Committee, JP Morgan International Council, National Competitiveness Council, and Endeavor Philippines; and a Philippine Representative for the APEC Business Advisory Council. He graduated with B.A. in Economics (Cum Laude) from Harvard College (Harvard University) in 1981 and took his MBA at the Harvard Graduate School of Business Administration, Harvard University, in 1987.

Fernando Zobel de Ayala

Mr. Fernando Zobel de Ayala serves as Vice Chairman of the Board, President and Chief Operating Officer of Ayala Corporation since April 2006. He serves as a Director since May 1994. He holds the following positions in publicly listed companies: Chairman of Ayala Land Inc. and Manila Water Company Inc.; and Director of Bank of the Philippine Islands, Globe Telecom Inc. and Integrated Micro-Electronics Inc. He is the Chairman of AC International Finance Ltd., AC Energy Holdings Inc., and Hero Foundation Inc.; Co-Chairman of Ayala Foundation Inc.; Director of LiveIt Investments Ltd., Ayala International Holdings Limited, Honda Cars Philippines Inc., Isuzu Philippines Corporation, Pilipinas Shell Petroleum Corp., Manila Peninsula and Habitat for Humanity International; Member of the INSEAD East Asia Council, World Presidents’ Organization and Habitat for Humanity International; Chairman of Habitat for Humanity’s Asia- Pacific Capital Campaign Steering Committee; and Member of the Board of Trustees of Caritas Manila, Pilipinas Shell Foundation, Kapit Bisig para sa Ilog Pasig Advisory Board, National Museum, and the foundation of the Roman Catholic Church. He graduated with B.A. Liberal Arts from Harvard College (Harvard University) in 1982.

Jose Teodoro Limcaoco

Mr. Jose Teodoro K. Limcaoco has been Chief Financial Officer, Chief Risk Officer, Managing Director and Group Head - Finance of Ayala Corporation since April 10, 2015. He is currently the President of BPI Family Savings Bank. His prior assignments within the Ayala group include President of BPI Capital Corporation from 2007 to 2010. He was Officer-in-Charge for Ayala Life Assurance, Inc. and Ayala Plans, Inc., Trustee and Treasurer of Ayala Foundation, Inc., President of myAyala.com, and CFO of Azalea Technology Investments, Inc. He graduated with a degree in BS Mathematical Sciences in Stanford University in 1984 and earned his Master’s Degree in Finance from Wharton School University, University of Pennsylvania, in 1988.

Gerardo Ablaza

Mr. Gerardo (Gerry) C. Ablaza, Jr., serves as President and Chief Executive Officer - Manila Water Company Inc of Ayala Corporation. He also serves as Co-Vice Chairman of Globe Telecom, Inc. He serves as a member of the Board of Directors of Hochiminh City Infrastructure Investment Joint Stock Company, a listed company on the Ho Chi Minh Stock Exchange. His other significant positions are: Director of Manila Water Philippine Ventures, Inc., Boracay Island Water Company, Inc., Cebu Manila Water Development, Inc., Manila Water Consortium, Inc., Manila Water International Solutions, Inc., Clark Water Corporation, Manila Water Total Solutions Corporation, Manila Water Asia Pacific Pte. Ltd., Manila Water South Asia Holdings Pte. Ltd., Kenh Dong Water Holdings Pte. Ltd., and Thu Duc Water Holdings Pte. Ltd., Azalea International Ventures Partners Ltd., Asiacom Philippines, Inc., LiveIt Investment Ltd., AC Energy Holdings, Inc., Purefoods International Investment Ltd., ACST Business Holdings, Inc. and AG Holdings Limited. He is also a member of the Board of Trustees of the Manila Water Foundation, Inc. and Ayala Foundation, Inc. From 1998 to April 2009, Mr. Ablaza was the President and CEO of Globe Telecom, Inc. He was also the Chairman of the Board of Directors of Innove Communications Inc., a wholly owned subsidiary of Globe Telecom Inc. from October 2003 to April 2009. Before joining the Ayala Group, Mr. Ablaza was Vice-President and Country Business Manager for Philippines and Guam of Citibank, N.A. for its Global Consumer Banking Business (1994-1997), Vice President for Consumer Banking of Citibank, N.A. Singapore (1994-1995). In 2004, Mr. Ablaza was recognized by CNBC as the Asia Business Leader of the Year, making him the first Filipino CEO to win the award. In the same year, he was awarded by Telecom Asia as the Best Asian Telecom CEO.

Emmanuel Aligada

Alfredo Ayala

Mr. Alfredo I. Ayala serves as Managing Director and Chief Executive Officer - LiveIt Investments Ltd of Ayala Corporation since June 2006. He is the CEO of LiveIt Investments, Ltd., the holding company of Ayala Corporation for its investments in the BPO sector, and LiveIt Global Services Management Institute, Inc, Currently, he also holds the following positions: Chairman of International Business Processing Association of the Philippines and Integreon Managed Solutions (Philippines), Inc.; and Director of Affordable Private Education Centers, Inc., NewBridge International Investment Limited, Affinity Express Holdings Limited, Affinity Express Philippines, Inc. IQ BackOffice Holdings, Ltd., HRMall, Inc., Integreon, Inc., and Integreon Managed Solutions Philippines, Inc. He has an MBA from the Harvard Graduate School of Business Administration, Harvard University, and B.A. in Development Studies and Economics (with honors) from Brown University.

Cezar Consing

Mr. Cezar Peralta Consing serves as President and Chief Executive Officer - Bank of the Philippine Islands of Ayala Corporation. He also serves as Independent Director of Jollibee Foods Corporation. His other positions are: Chairman of BPI Direct Savings Bank, Inc. and BPI Computer Systems Corporation; Vice Chairman of BPI Capital Corporation; Director of BPI Family Savings Bank, Inc., BPI Globe BanKo, Inc, BPI/MS Insurance Corporation, Capital Advisors Partners Asia Sdn Bhd, Capital Islamic Infrastructure Fund (General Partner) Limited, Capital Asean Infrastructure Fund II (General Partner) Limited, Arch Capital Management Co. Ltd., Arch Capital Asian Partners, G.P, and Filgifts.com. He was a partner at the Rohatyn Group from 2004 to March 2013; an Investment Banker with J.P. Morgan & Co. from 1985 to 2004; and an independent director of CIMB Group Holdings Berhad and CIMB Group Sdn. Berhad from 2004 to 2012 and First Gen Corporation from 2005 to 2013. He graduated with a degree of A.B (Accelerated Program) Economics (Magna Cum Laude) from De La Salle University in 1979 and took his M.A. Applied Economics in the University of Michigan in 1980.

Ernest Lawrence Cu

Mr. Ernest Lawrence L. Cu serves as President and Chief Executive Officer - Globe Telecom Inc of Ayala Corporation. He is a trustee of Ayala Foundation, Inc. and Hero Foundation, Inc. He is also a director of BPI Globe BanKo, Inc., Systems Technology Institute, Inc., and Prople BPO, Inc. Prior to joining Globe, he was the President and CEO of SPI Technologies, Inc. In 2014, he was honored as the Telecommunications Executive of the Year in the Stevies International Business Awards. In 2013, he was the highest ranked Filipino in the Power 100 of London-based Global Telecoms Business Magazine that recognizes the 100 most influential telecom leaders worldwide. He earned international accolade in 2012 as CEO of the Year by Frost & Sullivan Asia Pacific. In 2010, he was adjudged Best CEO by Finance Asia. He was moreover conferred the International Association of Business Communicators' (IABC) CEO EXCEL award for communication excellence in telecoms and IT, and he was also voted as one of the Most Trusted Filipinos in a poll conducted by Readers Digest. He earned a degree in BS Industrial Management Engineering from De La Salle University in 1982 and took his Master’s Degree in Business Administration at the JL Kellogg Graduate School of Management, Northwestern University, in 1984.

Ferdinand Dela Cruz

Bernard Vincent Dy

Mr. Bernard Vincent O. Dy serves as President and Chief Executive Officer - Ayala Land Inc of Ayala Corporation since April 7, 2014. Prior to this post, he was the Head of the Residential Business, Commercial Business and Corporate Marketing and Sales of ALI. He is the Chairman of other two publicly listed companies namely: Cebu Holdings, Inc. and Cebu Property Ventures and Development Corporation. His other positions include: Chairman of Ayala Land International Sales, Inc., Anvaya Cove Golf & Sports Club and Amicassa Process Solutions, Inc., Amaia Land Corporation, Avida Land Corp., Alveo, Alviera Country Club, Inc., Ayalaland Commercial Reit, Inc., Lagdigan Land Corporation, Cagayan De Oro Gateway Corp., BGSouth Properties, Inc., BGNorth Properties, Inc., BGWest Properties, Inc., Portico Land Corp., Directpower Services, Inc., Philippine Integrated Energy Solutions, Inc., Bonifacio Estate Services Corporation, Amaia Southern Properties, Inc.; Vice Chairman of Bellavita Land Corporation and Ayala Greenfield Development Corporation; President of Serendra, Inc. and Varejo Corporation, Alabang Commercial Corporation, Accendo Commercial Corp., Aurora Properties Incorporated, Ceci Realty Inc., Vesta Property Holdings, Inc., Bonifacio Land Corporation, Berkshires Holdings, Inc. and Columbus Holdings, Inc.; Director of Fort Bonifacio Development Corporation, Ayala Land Sales, Inc., North Triangle Depot Commercial Corporation, Station Square East Commercial Corporation, Ayala Greenfield Golf & Leisure Club, Ayala Property Management Corporation, Makati Development Corporation and Nuevocentro, Inc.; and Treasurer of SIAL Specialty Retailers, Inc. and SIAL CVS Retailers, Inc. He earned a degree of B.B.A Accountancy from the University of Notre Dame in 1985 and took his Master’s Degree in Business Administration and International Relations at the University of Chicago in 1997 and 1989, respectively.

John Eric Francia

Mr. John Eric T. Francia has been Managing Director of Ayala Corporation since April 10, 2015. He served as Managing Director from January 2009 to September 1, 2014 before becoming its Head of Energy and Infrastructure Group. He is the head of Ayala’s Energy and Infrastructure Group since September 2014. He is a Director of publicly listed companies namely: Manila Water Company, Inc. and Integrated Micro-Electronics, Inc. He also holds the following positions: President and Chief Executive Officer of AC Energy Holdings, Inc. and AC Infrastructure Holdings Corp.; Chairman and President of PhilNewEnergy, Inc., PhilnewRiver Power Corp., PhilnewHydro Power Corp., and Quadriver Power Corp.; and Director of LiveIt Investments Ltd, Live It Global Services Management Institute, Inc., Northwind Power Development Corp., North Luzon Renewable Energy Corporation, South Luzon Thermal Energy Corporation, Automated Fare Collection Services, Inc., Light Rail Manila Corporation, and HCM City Infrastructure Investment Joint Stock Company. Mr. Francia was the head of the Company’s Corporate Strategy and Development Group, which is responsible for overseeing Ayala’s portfolio strategy and new business development, from January 2009 to September 2014. Prior to joining Ayala, Mr. Francia was a senior consultant and member of the management team of Monitor Group, a strategy consulting firm based in Cambridge, Massachusetts, USA. Prior to consulting, he spent a few years in the field of academe and media. He received his undergraduate degree in Humanities and Political Economy from the University of Asia and the Pacific, graduating magna cum laude. He then completed his Master’s Degree in Management Studies at the University of Cambridge in the UK, graduating with First Class Honors.

Gil Genio

Ronald Luis Goseco

Ruel Maranan

Mr. Ruel T. Maranan serves as Managing Director, President - Ayala Foundation Inc of Ayala Corporation since March 1, 2015. He was the Group Director of Manila Water Company’s Corporate Human Resources Group from 2004 to 2014. Before joining MWC, he was part of various organizations such as Globe Telecom, Inc., Vitarich Corporation, and Integrated Farm Management, among others. In MWC, Mr. Maranan introduced numerous innovations in human resources management, rallying behind the company’s being the first Filipino company to win the prestigious Asian Human Capital Award in 2011, an award sponsored by the Singapore Ministry of Manpower, CNBC Asia-Pacific, and INSEAD. Through his leadership in human resources, MWC was vested the 2006 Outstanding Employer of the Year by the People Management Association of the Philippines. Mr. Maranan earned his AB Social Sciences degree from the Ateneo de Manila University and his law degree from the University of Santo Tomas. He has also completed the Harvard Leadership Management Program, Harvard University.

John Philip Orbeta

Mr. John Philip S. Orbeta serves as Group Head - Corporate Resources, Chairman and President - Ayala Automotive Holdings Corporation of Ayala Corporation since May 2005. He is also President and CEO of Automobile Central Enterprise, Inc. (Philippine importer of Volkswagen). He is Chairman and CEO of Honda Cars Makati, Inc., Isuzu Automotive Dealership, Inc., and Iconic Dealership, Inc.; Chairman of Ayala Aviation Corporation and HRMall, Inc./IQBack Office. He also serves as a Director of AG Counselors Corporation, BPI Family Bank, Inc. and ALFM Growth Fund, Inc. He is concurrently the Chairman of the following councils at the Ayala Group: Human Resources Council, Corporate Security Council, and the Ayala Business Clubs and is the Program Director of the Ayala Young Leaders Congress. Prior to joining Ayala Corporation, he was the Vice President and Global Practice Director of the Human Capital Consulting Group at Watson Wyatt Worldwide (now Towers Watson), overseeing the firm's practices in executive compensation, strategic rewards, data services and organization effectiveness around the world. He was also a member of Watson Wyatt's Board of Directors. He graduated with a degree in A.B. Economics from the Ateneo de Manila University in 1982.

Luis Juan Oreta

Ginaflor Oris

Ms. Ginaflor C. Oris serves as Managing Director and Head - Corporate Finance and Asset Management of Ayala Corporation since 2010. She holds Bachelor of Science in Mathematics from Ateneo de Manila University and Master's degree in Business Management from Asian Institute of Management. She also serves as Chairman of Pameka Holdings, Inc; Director, CFO and Treasurer of Azalea Technology Investments, Inc.; Director and CFO of Azalea International Venture Partners, Ltd. and Michigan Holdings Inc.; Director and Treasurer of AC Infrastructure Holdings Corp., MPM Noodles Corporation and Purefoods International Limited; Director and Audit Committee Member of IQ BackOffice, Inc.; Director of ASTICOM Technology, Inc., Globalbridge Resources Corp., Darong Agricultural & Development Corporation, PPI Prime Venture, Inc., PhilNewEnergy, Northwind Power Development Corp., Ayala Hotels, Inc., Water Capital Works, Renewable Energy Test Center, Milestone Group and FineState; Treasurer of Asiacom Philippines, Inc. and ACST Business Holdings, Inc.

Virgilio Rivera

Jaime Ysmael

Solomon Hermosura

Atty. Solomon M. Hermosura serves as Managing Director, General Counsel, Corporate Secretary and Group Head - Corporate Governance of Ayala Corporation since April 18, 2011. He is the CEO of Ayala Group Legal. He serves as General Counsel and Corporate Secretary of Ayala Land, Inc., and Corporate Secretary of Globe Telecom, Inc., Manila Water Company, Inc., Integrated Micro-Electronics, Inc. and Ayala Foundation, Inc.; and a member of the Board of Directors of a number of companies in the Ayala group. He graduated valedictorian with Bachelor of Laws degree from San Beda College in 1986 and placed third in the 1986 Bar Examination.

Paolo Maximo Borromeo

Mr. Paolo Maximo F. Borromeo has been Managing Director of Ayala Corporation since January 1, 2016. He has also been its Group Head for Corporate Strategy and Development, Executive Director since September 1, 2014. He oversees the overall portfolio strategy and corporate planning process, group-wide innovation projects and new business development initiatives, and investor relations. He sits on the board of PhilNew Energy, Inc. Viage Corporation, Moorland Philippines Holdings, Inc., Presage Corporation, Affordable Private Education Center, Inc., AC College of Enterprise and Technology, Inc., LiveIt Global Services Management, Inc., LiveIt Investments, Ltd. and LINC Institute, Inc. Prior to joining Ayala, he was a Principal at Booz & Company, a global strategy consulting firm, based in San Francisco, California, USA. He obtained his Bachelor of Science degree in Management Engineering from the Ateneo de Manila University and his Master in Business Administration with honors from the Wharton School at the University of Pennsylvania.

Josephine De Asis

Ramon Opulencia

Mr. Ramon G. Opulencia serves as Managing Director and Treasurer of Ayala Corporation since September 2005. He graduated with a Bachelor of Science in Mechanical Engineering degree at the De La Salle University in 1978 and took his Master in Business Management at the Asian Institute of Management graduating with Distinction in 1983. He completed the Advanced Management Program at the Harvard Business School (constituent of Harvard University) in May 2005. He also serves as a member of the Board of Directors of BPI Family Savings Bank, Inc., AYC Holdings Limited and AYC Finance Limited, Technopark Land, Inc., and Pameka Holdings, Inc. He is the President of the Financial Executives Institute of the Philippines (FINEX) and Trustee of CIBI Foundation, Inc. Prior to joining Ayala Corporation, he was a Senior Manager of the Bank of the Philippine Islands’ Treasury Group.

Ma. Cecilia Cruzabra

Ms. Ma. Cecilia T. Cruzabra serves as Treasurer and Executive Director of Ayala Corporation since January 2, 2014. She is the Corporate Finance Head of ALC Explo and General Services, Inc. and the Treasurer of Halo Holdings, Inc. She was Treasury Head of Globe Telecom Inc.

Catherine Ang

Ruby Chiong

Rosallie Dimaano

Noel Eli Kintanar

Monina Macavinta

Jenara Rosanna Ong

Maria Angelica Rapadas

Alfonso Javier Reyes

Ma. Victoria Sugapong

Arthur Tan

Mr. Arthur R. Tan serves as Senior Managing Director, President and Chief Executive Officer - Integrated Micro-Electronics Inc of Ayala Corporation since January 2007. He has been the President and Chief Executive Officer of Integrated Micro-Electronics, Inc., a publicly listed company, since April 2002. Concurrently, he is the President and Chief Executive Officer of PSi Technologies Inc., and President of Speedy-Tech Electronics Ltd. He graduated with B.S. in Electronics Communications Engineering degree from Mapua Institute of Technology in 1982 and attended post-graduate programs at the University of Idaho, Singapore Institute of Management, IMD, and Harvard Business School, Harvard University.

Sheila Marie Tan

Atty. Sheila Marie U. Tan serves as Executive Director of Ayala Corporation since 2014. She has served as Corporate Secretary of Integrated Micro-Electronics, Inc., Cebu Holdings, Inc., Cebu Property Ventures & Development Corp., Ayala Theatres Management, Inc. Avida Land Corporation, Alabang Commercial Corporation, North Triangle Depot Commercial Corporation, Laguna Technopark, Inc., Makati Development Corporation and Ayala Property Management Corporation. She is also the Assistant Corporate Secretary of Ayala Land, Inc. and a Managing Director and Corporate Secretary of Ayala Group Legal. She was a former head of the Legal Department of Ayala Land, Inc. and an Associate Director in Ayala Corporation from January 1, 2009 to July 1, 2012.

Dodjie Lagazo

Charlene Mae Tapic-Castro

Yoshio Amano

Mr. Yoshio Amano serves as a Non-Executive Director of Ayala Corporation since April 20, 2012. He is a Senior Vice President of Mitsubishi Corporation and the General Manager of Mitsubishi Corporation-Manila Branch; Chairman of International Elevator & Equipment Inc., and MCPL (Philippines) Inc.; President of MC Diamond Realty Investment Phils. Inc., MC Oranbo Investment Inc. and Japanese Chamber of Commerce & Industry of the Philippines (JCCIPI); Director of Isuzu Philippines Corporation, Imasen Philippines Manufacturing Corp., Kepco Ilijan Corporation, UniCharm Philippines Inc., Trans World Agro-Products Corp., Philippine Resins Industries Inc., Portico Land Corporation, and The Japanese Association Manila Inc. He is not a director of any publicly listed company. Mr. Amano graduated from the University of Tokyo with a degree on Faculty Engineering in 1982. He has been with Mitsubishi Corporation for more than 30 years in various leadership positions.

Delfin Lazaro

Mr. Delfin Lapus Lazaro serves as a Non-Executive Director of Ayala Corporation since January 1, 2007. He holds the following positions in publicly listed companies: Director of Ayala Land Inc., Integrated Micro-Electronics Inc., Manila Water Company Inc., and Globe Telecom Inc.; and Independent Director of Lafarge Republic Inc. His other significant positions include: Chairman of Philwater Holdings Company Inc. and Atlas Fertilizer & Chemicals Inc.; Chairman and President of A.C.S.T. Business Holdings Inc.; Vice Chairman and President of Asiacom Philippines Inc.; Director of AC Energy Holdings Inc., AC Infrastructure Holdings Corporation, Ayala International Holdings, Ltd., Bestfull Holdings Limited, Probe Productions Inc. and Empire Insurance Company; and Trustee of Insular Life Assurance Co., Ltd. He graduated with a BS Metallurgical Engineering degree from the University of the Philippines in 1967 and took his MBA (with Distinction) at Harvard Graduate School of Business, Harvard University, in 1971.

Ramon del Rosario

Mr. Ramon R. Del Rosario, Jr., serves as an Independent Director of Ayala Corporation since April 16, 2010. He holds the following positions in publicly listed companies: President and CEO of Phinma Corporation; Chairman of Trans-Asia Petroleum Corporation; and Vice Chairman of Trans-Asia Oil and Energy Development Corporation. He is the President and Chief Executive Officer of Philippine Investment Management Inc.; Chairman of Araullo University, University of Iloilo, University of Pangasinan, Cagayan de Oro College, United Pulp and Paper Co. Inc., Microtel Inns and Suites (Pilipinas) Inc., Microtel Development Corp., Trans-Asia Power Generation Corporation, Trans-Asia Renewable Energy Corp., Trans-Asia Gold and Minerals Development Corp., CIP II Power Corp., Fuld & Co. Inc., Fuld & Co (Philippines) Inc. and Paramount Building Management & Services Corp.; Vice-Chairman of Phinma Foundation; Director of Phinma Property Holdings Corp., Union Galvasteel Corp., and South Luzon Thermal Energy Corp.; Chairman of The National Museum of the Philippines, the Makati Business Club, Philippine Business for Education, the Philippines- US Business Council, and the Integrity Initiative; Vice-Chairman of Caritas Manila; and Trustee of De La Salle University. Mr. del Rosario graduated from De La Salle College (De La Salle University) in 1967 with a degree in BSC-Accounting and AB Social Sciences (Magna cum Laude) and from Harvard Business School, Harvard University, in 1969 for his Master’s degree in Business Administration. He has managed Phinma since 2002 and brings with him a wealth of experience in leading a diversified conglomerate.

Xavier Loinaz

Mr. Xavier P. Loinaz serves as Independent Director of Ayala Corporation since April 3, 2009. He has been on the Board of Directors since April 2006. He is also an Independent Director of Bank of the Philippine Islands, a publicly listed company. He holds the following positions: Independent Director of BPI Family Savings Bank Inc., BPI Direct Savings Bank, and BPI/MS Insurance Corporation; Trustee of E. Zobel Foundation, BPI Foundation Inc. and PETA; and Chairman of Alay Kapwa Kilusan Pangkalusugan and XPL Manitou Properties Inc,; and Vice Chairman of XPL MTJL Properties Inc. He was formerly the President of the Bank of the Philippine Islands from 1982 to 2004. He was also the President of the Bankers Association of the Philippines from 1989 to 1991. He graduated with an AB Economics degree from Ateneo de Manila University in 1963 and took his MBA-Finance at Wharton School, University of Pennsylvania, in 1965.

Antonio Jose Periquet

Mr. Antonio Jose U. Periquet, Jr., serves as Independent Director of Ayala Corporation since September 3, 2010. He is also an Independent Director of other listed companies namely ABS-CBN Corporation, ABS-CBN Holdings Corporation, Bank of the Philippine Islands, DMCI Holdings Inc., Philippine Seven Corporation, and Max’s Group Inc. His other significant positions are: Chairman of Pacific Main Holdings Inc., Campden Hill Group Inc., and Campden Hill Advisor Inc.; Director of The Straits Wine Company; Independent Director of BPI Capital Corporation and BPI Family Savings Bank Inc.; and Trustee of Lyceum of the Philippines University. He obtained an AB Economics degree from Ateneo de Manila University in 1982 and took his Master of Science in Economics at University of Oxford, UK, in 1988 and Master in Business Administration at University of Virginia, USA, in 1990.