The board of directors of Ayala Land, Inc. (ALI), a company that develops and sells properties, has given the green light for the hiring of new personnel and the advancement of current employees in order to strengthen its management team.
On Wednesday, ALI announced in a statement to the stock exchange that its board has approved the hiring of Mariana Beatriz Zobel de Ayala as senior vice-president, starting on October 1. This decision was made during a special meeting held on September 26.
Ms. Zobel, daughter of Jaime Augusto Zobel de Ayala who is the Chairman of Ayala Corp., will also join ALI’s management committee and serve as a member of the company’s board of directors.
On October 1, ALI also disclosed additional appointments, including Pauline Clarisse K. Feria as vice-president. She will also continue in her role as Ayala Corp.’s head of strategy.
The board of the company has named Roscoe M. Pineda as the chief information officer and Isabel D. Sagun as the chief human resources officer.
Additionally, ALI announced the appointment of Jeremy U. Sy as vice-president, effective September 1st.
In the meantime, ALI declared the advancement of four employees, which will also take effect on October 1st.
Enrique B. Manuel, Jr. has been promoted from assistant vice-president to vice-president within the company. Additionally, Joseph Carmichael Z. Jugo, Raquel S. Cruz, and Christopher B. Maglanoc have all been promoted from vice-president to senior vice-president.
In the first half of the year, ALI saw a 41% rise in its net income, reaching P11.39 billion, which can be attributed to increased revenues.
On Wednesday, the local stock market saw ALI’s shares remain steady at P29.50 each.