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 |
| Net income | PHP8.2 billion (approx US$185.3 million USD) (2009) [1] |
| 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]
Contents |
[edit] Attached companies
The Ayala Corporation is currently the holding company for the following:
- Real estate
- Financial services
- Telecommunications
- Utilities
- Business Process Outsourcing and IT
- Automotive
[edit] 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.[6]
==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.[7]
[edit] References
- ^ Ayala
- ^ "Asia's best managed companies: Indonesia and the Philippines", Finance Asia
- ^ "Ayala Corp Builds Renewable Energy Portfolio with Run-of-the-River Hydropower", The Philippine Daily Inquirer
- ^ http://www.hondaphil.com/ver2/ourcompany.php
- ^ http://www.isuzuphil.com/corporate-information/the-story-of-isuzu-philippines/
- ^ "Zobel retires as Ayala chairman," Manila Bulletin, January, 2006 http://www.mb.com.ph/node/58957
- ^ "Ayala on solid ground after 175 years", Philippine Star, March 10, 2009
[edit] External links
- Ayala Corporation website
- Ayala at 175 magazine
- Philippine Stock Exchange Information Page on Ayala Corporation
|
|||||
 |
This Philippines-related article is a stub. You can help Wikipedia by expanding it. |
 |
This Asian corporation or company article is a stub. You can help Wikipedia by expanding it. |
