Property News · October 15, 2019

Philippine powerhouse Ayala says it may look outside the founder’s family for a chief executive to lead it into the future


The head of a family-owned empire that’s worth tens of billions of dollars said his company may be ready for an outsider at the helm.Jaime Augusto Zobel de Ayala II, the chairman and chief executive officer of the Philippines’ Ayala Corporation, said a CEO from outside the family is one option when the group passes power to new leaders. Part of his legacy, he said, has been paving the way to make such a move possible.“I like to think the team we have in place could provide leadership at any…

Source : South China Morning Post
Read more…Philippine powerhouse Ayala says it may look outside the founder’s family for a chief executive to lead it into the future

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