Jaime Augusto Zobel de Ayala Steps Down as Chairman and Director of Globe Telecom, Inc.

In a Philippine Stock Exchange disclosure on April 21, Globe Telecom, Inc. announced that Jaime Augusto Zobel de Ayala has stepped down as Chairman and Director, positions he's held since December 1996 and March 1989, respectively. He is succeeded by Cezar P. Consing, who was elected as Chairman of the Board of Directors at the Organizational Meeting, which was held immediately after their Annual Stockholders' Meeting.

"Today, we honor JAZA’s legacy defined by his visionary and transformative leadership and an unparalleled commitment to excellence," Globe Telecom, Inc. said in the disclosure.

He succeeded his father as Ayala Corporation's president and CEO in 1994, then was the company's chairman and CEO from 2006 to 2021. He also sits as chairman of Bank of the Philippine Island, AC Energy and Infrastructure Corporation, Ayala Health Holdings, and Asiacom Philippines (a joint venture of Ayala and SingTel); and director of AC Ventures Holding Corp, AG Holdings Ltd., and Temasek Holdings (Private) Limited.

"Serving our Board for 37 years, and 30 years as our Chairman , JAZA has been the principal architect of Globe’s evolution from a cable company into the country’s first digital telco and today’s leading mobile network operator," Globe added.

He led the Globe-Mackay merger with Clavecilla Radio Corporation, launched a partnership with Singtel, and expanded Globe's services through the acquisition of IslaCom, Bayantel, and Vega Telecom. The network also went through massive modernization under his leadership and contributed to wider access to connectivity and information, ultimately reinventing Globe as "the purveyor of the Filipino digital lifestyle."

JAZA's successor, Cezar P. Consing, has served as Director since April 2021 and as Co-Vice Chairman of the Board since November 2022 of Globe Telecom, Inc. He is the President and CEO of Ayala Corporation since September 27, 2022, and has been a member of the Ayala Group Management Committee since April 2013.

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