Ayala Corporation

Ayala Corporation

Type	Public (PSE: AC)
Founded	Manila, The Philippines in 1834
Founder(s)	Domingo Roxas and Antonio de Ayala
Headquarters	Makati City, The Philippines
Key people	Jaime Augusto Zobel de Ayala, Chairman and CEO Fernando Zobel de Ayala, President and COO Mercedita S. Nolledo, Senior Counsel and Corporate Secretary Delfin C. Gonzalez, Jr., Chief Finance Officer John Eric T. Francia, Group Head of Corporate Strategy and Business Development
Revenue	PHP94 billion (approx US$2.2 billion USD) (2011) [1]
Net income	PHP15.7 billion (approx US$370 million USD) (2011)
Website	www.ayala.com.ph

Ayala Corporation (PSE: AC) is a holding company for the diversified interests of the Ayala Group. Founded in the Philippines by the Spanish and German Ayala, Roxas, and Zobel families during colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, and management and business process outsourcing.

In the late 19th century, Ayala participated in the construction of the Punte de Ayala over the Pasig River in Manila. Built of wood in 1872, the Ayala Bridge was reconstructed in steel in 1908, and was the first steel bridge in the Philippines. In 1888, the corporation introduced the first tramcar service in the Philippines. Ayala was mainly responsible for the development of Makati as the financial district of Manila and the Philippines after World War II.

In April 2010, FinanceAsia named Ayala Corporation as the best-managed company in the Philippines, as well as best for corporate governance and best for corporate social responsibility.^[2]

In 2011, Ayala began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for run-of-the-river hydro power. Ayala will contribute 1000 MW to Philippine power supply, by 2015. ^[3]

Attached Companies and Investments

The Ayala Corporation is currently the holding company for the following:

Real estate

• Ayala Land
• AG Holdings, Ltd. ^{[4] [5]}

Financial Services

• Bank of the Philippine Islands

Telecommunications

• Globe Telecom, Inc.

Utilities

• Manila Water Company Inc.
• AC Energy Holdings, Ltd. ^{[6] [7]}

Business Process Outsourcing and IT

• Stream Global Services
• Integreon ^{[8] [9]}
• Affinity Express ^{[10] [11]}
• HRMall ^{[12] [13]}

Automotive

• Ayala Automotive Holdings Corporation ^{[14] [15]}
  • Honda Philippines ^{[16] [17]}
  • Isuzu Philippines ^{[18] [19] [20]}

Nonprofit organizations

• Ayala Foundation ^[21]
  • CENTEX ^[22]
  • Ayala Museum ^[23]
  • Philippine Development Foundation ^[24]
  • Ayala Technology Business Incubator ^[25]
  • Filipinas Heritage Library ^[26]
  • Ayala Social Initiatives ^[27]

Retirement of the Ayala chairman

In January 2006, the board of directors publicly announced the decision by Jaime Zobel de Ayala to retire as chairman of the corporation by April 2006. The board also announced Zobel de Ayala's appointment as chairman emeritus upon his retirement. His elder son, Jaime Augusto Zobel de Ayala, succeeded him as Chairman and Chief Executive Officer of the corporation, while his younger son, Fernando Zobel de Ayala, has assumed the position of President and Chief Operating Officer. The family holding company Mermac continues to hold a majority stake in Ayala Corporation.^[28]

Oldest business house in Philippines

In 2009, Ayala celebrated its 175th anniversary. The company is credited for having contributed to the socio-economic development of the Philippines.^[29]

References

External links

• Ayala Corporation website
• Ayala at 175 magazine
• Philippine Stock Exchange Information Page on Ayala Corporation

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