Fernando Zobel, a well-known business mogul from the Philippines, presided over and served as CEO of Ayala Corporation.
The business tycoon serves on the boards of several national and local businesses and socio-civic groups in addition to his role with Ayala Corporation.
On June 29, 2010, Fernando was promoted to Grand Commander of the Philippine Legion of Honor.
The company also serves as chairman of Ayala Land, Inc., AC International Finance Ltd., Manila Water Company, Inc., Ayala International Pte Ltd., Ayala DBS Interests, Inc., Alabang Commercial Corporation, AC Energy Holdings, Inc., and other Ayala interests in addition to Ayala Corporation.
In addition, the president serves on the boards of the Bank of the Philippine Islands, Globe Telecom, Integrated Micro-Electronics Inc., Inc., Pilipinas Shell Petroleum Corp., Manila Peninsula, Honda Cars Philippines, and Isuzu Philippines Corporation.
In terms of his international career, he serves as vice chairman of Habitat for Humanity International and head of the steering committee for the Habitat for Humanity Asia-Pacific Capital Campaign.
Fernando Zobel: Is He Sick?
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After his brother disclosed that Fernando Zobel was leaving Ayala Corporation, several rumors regarding his illness started to circulate online.
In order to devote more time to his recuperation and health, the president recently announced his retirement from his position at Ayala Corporation.
The conglomerate resigned as vice chairman of the board, president, and CEO on September 12, 2022.
Since April 2021, Fernando has held the positions of CEO and president of the conglomerate.
following the transfer of power from his brother, Jaime Augusto Zobel de Ayala, who is still the board’s chairman. Fernando’s brother supports his choice to take a leave of absence in order to regain his vigor.
Fernando belongs to the World Presidents’ Organization, the INSEAD East Asia Council, the Asia Society, and the World Economic Forum, the organization with the most clout in global trade.
What happened to Ayala’s president?
The Ayala President left his position as soon as the news broke. His health problems were the subject of countless stories in the media.
The authorities stated in a notification to the Philippine Stock Exchange that his resignation, in accordance with sources, enables him to concentrate more on his recuperation and health.
Fernando Zobel’s replacement as interim president and CEO of Ayala Corporation is Cezar Consing, who was chosen when Zobel was forced to take a medical leave.
On Sunday, Delfin Lazaro will take over as vice chairman of the executive committee of Ayala Corporation.
On Monday, Ayala Corporation announced the development of the Philippine Stock Exchange and welcomed him to the board of the business. Nevertheless, he no longer serves on the organization’s leadership and financial committees.
Upon the resignation of the president, the Ayala Corporation board will elect his replacement as a director, according to sources.
Update on Fernando Zobel’s Health and Illness
Ayala Conglomerate President Fernando Zobel’s health status has not yet been updated.
The conglomerate had been on a medical leave of absence since August 15 prior to the announcement. The exact cause and illness are not mentioned in the media, though.
The president has a Harvard College Bachelor of Arts degree and has successfully completed an International Management Certificate program at INSEAD in France.
Catherine Silverio, the daughter of former PBA coach Dante Silverio, and Fernando Zobel were married and are now the delighted parents of four children.
On a local level, Fernando serves as a trusted representative for a number of organizations, including the National Museum of the Philippines, Caritas Manila, Kapit Bisig para sa Ilog Pasig Advisory Board, and the Philippine Shell Foundation.
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