Fernando Zobel de Ayala

Chairman

Filipino, Director of Ayala Corporation since May 1994. He has been the President and Chief Operating Officer of Ayala Corporation since April 2006. He holds the following positions in publicly-listed companies: Chairman of Phinma Energy Corp., Ayala Land, Inc. and Manila Water Company, Inc.; and Director of Bank of the Philippine Islands, Globe Telecom, Inc., and Integrated Micro-Electronics, Inc.; and Independent Director of Pilipinas Shell Petroleum Corporation. He is the Chairman of AC International Finance Ltd., Liontide Holdings, Inc., AC Energy, Inc., Ayala Healthcare Holdings, Inc., Automobile Central Enterprise, Inc., Alabang Commercial Corporation, Accendo Commercial Corp., and Hero Foundation, Inc.; Co-Chairman of Ayala Foundation, Inc. and Ayala Group Club, Inc.; Vice-Chairman of ALI Eton Property Development Corporation, Aurora Properties Incorporated, Vesta Property Holdings, Inc., Ceci Realty Inc., Fort Bonifacio Development Corporation, Bonifacio Land Corporation, Emerging City Holdings, Inc., Columbus Holdings, Inc., Berkshires Holdings, Inc., and Bonifacio Art Foundation, Inc.; Director of LiveIt Investments, Ltd., AG Holdings Ltd., AC Infrastructure Holdings Corporation, Asiacom Philippines, Inc., Ayala Retirement Fund Holdings, Inc., AC Education, Inc., and AC Ventures Holding Corp., Honda Cars Philippines, Inc., Isuzu Philippines Corporation, and Manila Peninsula; Member of the Philippine-Singapore Business Council, INSEAD East Asia Council, World Presidents’ Organization, and Chief Executives Organization; 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, and the National Museum. He graduated with a B.A. in Liberal Arts at Harvard College in 1982 and holds a CIM from INSEAD, France.

Jaime Augusto Zobel de Ayala

Director

Filipino, Director of Ayala Corporation since May 1987. He has been the Chairman and CEO of Ayala Corporation since April 2006. 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 Phinma Energy Corp., Ayala Land, Inc. and Manila Water Company, Inc. He is also the Chairman of AC Education, Inc., Ayala Retirement Fund Holdings, Inc., AC Industrial Technology Holdings, Inc., AC Ventures Holding Corp., AC Infrastructure Holdings Corporation, and Asiacom Philippines, Inc.; Co-Chairman of Ayala Foundation, Inc. and Ayala Group Club, Inc.; Director of Alabang Commercial Corporation, Ayala International Pte. Ltd., AC Energy, Inc., Ayala Healthcare Holdings, Inc., Light Rail Manila Holdings, Inc., and AG Holdings Limited; Chairman of Harvard Business School Asia-Pacific Advisory Board and Endeavor Philippines; and member of the Harvard Global Advisory Council, Mitsubishi Corporation International Advisory Committee, JP Morgan International Council, Global Board of Advisors of the Council on Foreign Relations, Asia Society International Council, University of Tokyo Global Advisory Board, Singapore Management University Board of Trustees, and Eisenhower Fellowships Board of Trustees. He was the Philippine Representative to the Asia Pacific Economic Cooperation Business Advisory Council from 2010 to December 2015. In 2007, he received the Harvard Business School Alumni Achievement Award, the school’s highest recognition. He was a recipient of the Presidential Medal of Merit in 2009 for enhancing the prestige and honor of the Philippines both at home and abroad. In 2010, he was bestowed the Philippine Legion of Honor, with rank of Grand Commander, by the President of the Philippines in recognition of his outstanding public service. In 2015, he received the Order of Mabini, with rank of Commander, for his vital contributions during the Philippines’ hosting of the APEC Summit. In 2017, he was recognized as a United Nations SDG Pioneer for his work in sustainable business strategy and operations. He graduated with a B.A. in Economics (Cum Laude) at Harvard College in 1981 and obtained an MBA at the Harvard Graduate School of Business Administration in 1987.

Eric T. Francia

Director

Filipino, Managing Director and member of the Management Committee of Ayala Corporation since 2009. He is President and Chief Executive Officer of AC Energy, Inc.

In his previous role as Head of Ayala’s Corporate Strategy and Development group, Mr. Francia led Ayala’s entry into the energy and transport infrastructure sectors. Under his leadership, Ayala established its energy platform from a standing start in 2011, growing to 1,700 MW of attributable capacity by 2018. Mr. Francia also helped establish Ayala’s infrastructure business, securing over $1bn worth of PPP projects in the transport infrastructure space between 2011 and 2014.

Mr. Francia is a member of the Board of Directors of the following companies within the Ayala Group: Phinma Energy Corp., Purefoods International Limited, AC Education, Inc., AC College of Enterprise and Technology, Inc., AC Ventures Holding Corp., Ayala Aviation Corporation, Zapfam, Inc., Northwind Power Development Corporation, North Luzon Renewable Energy Corporation, Light Rail Manila Corporation, AC Infrastructure Holdings Corporation, MCX Tollway, Inc., and other various companies.

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.

Mr. Francia received his undergraduate degree in Humanities and Political Economy from the University of Asia & the Pacific, graduating magna cum laude. He then completed his Masters Degree in Management Studies at the University of Cambridge in the United Kingdom, graduating with First Class Honors.

Gerardo C. Ablaza, Jr.

Director

Filipino, served as President and CEO of Manila Water Company from June 2010 to April 2017. Gerry was responsible for overseeing the financial and operational growth within Manila Water’s service areas in the Metro Manila East Zone and in its expansion areas. Gerry holds key positions in the Philippines’ longest running conglomerate, Ayala Corporation, and its various subsidiaries. He is currently a Senior Managing Director at the Ayala Corporation and a member of the Ayala Group Management Committee since 1998. From 1998 to April 2009, Gerry was President and CEO of Globe Telecom, Inc. During this period, he took the company from being the fourth-ranked mobile services provider to the second-largest full-service telecom operator with a subscriber base of 25 million in 2008. In 2004 he was recognized by CNBC as the Asia Business Leader of the Year, making him the first Filipino CEO to win the award. He was also awarded by Telecom Asia as the Best Asian Telecom CEO. In 2013, he was recognized for his consistent leadership and innovation across the banking, investment, telecommunications and utility service industries through the Citi Distinguished Alumni Award for Leadership and Ingenuity. Gerry is the first and only Filipino to be awarded with such an honor. In June 2015, Gerry became a member of the International Advisory Panel of the Institute for Water Policy under the Lee Kuan Yew School of Public Policy in Singapore.

Solomon M. Hermosura

Director

Filipino, has served as Managing Director of Ayala Corporation since 1999 and a member of the Ayala Corporation Management Committee since 2009 and the Ayala Group Management Committee since 2010. He is also the Group Head of Corporate Governance, General Counsel, Compliance Officer, and Corporate Secretary of Ayala Corporation. 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.

Jose Teodoro K. Limcaoco

Director

Filipino, was appointed Chief Finance Officer and Finance Group Head of Ayala Corporation effective April 10, 2015. He is the former President of BPI Family Savings Bank. He is a member of the Board of Directors of AC Energy, Inc. 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 in 1988.

Jose Rene Gregory D. Almendras

Director

Filipino, has experience in both private and public sectors. He currently serves as President & CEO of AC Infrastructure Holdings Corporation (AC Infra). Concurrently, he is Managing Director and Head of Public Affairs and a member of the Ayala Corporation (AC) Management Committee. He also serves as a member of the Board of Directors of the following companies within the Ayala Group: Light Rail Manila Holdings, Inc., MCX Tollway Inc. and AF Payments Inc.

As a public servant in the Philippine government, Rene served in various positions, namely, Secretary of Energy, Cabinet Secretary and Secretary of Foreign Affairs.

Under his leadership, the Department of Energy ranked as one of the Top 10 Performers, in a survey among government agencies on government performance specifically in ensuring integrity in public service. In 2011, he became the co-chair of the high-level discussion on the Long-Term Strategy for the International Renewable Energy Agency (IRENA) held in Abu Dhabi. In the same year, the Philippines became a rotating member of the Executive Board of the International Energy Forum (IEF). Last September 2013, after stepping down as Energy Secretary, Rene was awarded ASEAN Individual Excellence in Energy Management by his fellow Energy Ministers during the 31st ASEAN Ministers on Energy Meeting (AMEM) and ASEAN Energy Awards, which was another 1st for the Philippines.

During his stint as a Cabinet Secretary, he was tasked to effectively integrate and implement the programs of the Aquino Administration and ensure the effective coordination of policies and projects of the different departments and agencies of government. In June 2013, Rene was given the rare privilege of addressing the United Nations Economic and Social Council (ECOSOC) in Geneva and then again in December 2013 for the United Nations’ Special Meeting of the ECOSOC in New York. As Cabinet Secretary, he was responsible for the resolution of major and critical issues such as the Hong Kong 2010 incident crisis, Balintang Channel incident to the Republic of China (Taiwan) and the Manila International Port Congestion.

The first 13 years of his professional life started with the Citibank group, where he started as a management trainee. Landing his first CEO position as the President of City Savings Bank of the Aboitiz Group at the age of 37, he has come to be known for his success in driving the value of the companies he has led, and his craft in honing these companies to garner national and international recognitions and awards. In 2011, he was recognized by the World Economic Forum as the new Sustainability Champion for his efforts as President of Manila Water Company, Inc. He introduced customer service quality improvements resulting to a very high satisfactory rating from the company’s customers. He was instrumental for the expansion and growth of the company beyond the East Zone. During his term, the company was awarded as one of the Best Managed Companies in Asia, the Best in Corporate Governance, one of the Greenest Companies in the Philippines and hailed as the world’s Most Efficient Water Company.

In June 2016, a Presidential Award, Order of Lakandula, Rank of Gold Cross Bayani, highest honor given to a civilian by the Republic of the Philippines, was awarded to him by President Benigno S. Aquino III, for his remarkable performance during the Aquino administration.

Rene believes in servant leadership and aims to lead to serve others. He is a passionate advocate of transformation through people development and personally champions the development programs of the people in his organization.