Business & Economy · 1 views
Ayala, one of Asia’s oldest conglomerates, wants to keep itself together. Its CEO explains why
Ayala CEO Cezar Consing explains why the 192-year-old Philippine conglomerate is staying together—and demanding more from its businesses.
Summary
Cezar Consing had hoped to enjoy retirement. He had stepped down from running BPI, Southeast Asia’s oldest bank, and spent a year and a half playing golf and traveling. That changed when Ayala Corporation’s chair, Jaime Augusto Zobel de Ayala, called him in a panic. The company’s then-CEO and the chair’s younger brother, Fernando Zobel de Ayala, was resigning for health reasons, and the company needed a replacement.
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