|Public (PSE: AC)|
|Founded||Manila, Philippines (1834)|
|Founder||Domingo Róxas and Antonio de Ayala|
|Headquarters||Makati City, Philippines|
|Jaime Augusto Zóbel de Ayala (Chairman and CEO)
Fernando Zóbel de Ayala (President and COO)
|Revenue||PHP94 billion (2011) |
|PHP15.7 billion (2011) |
|Slogan||Pioneering the Future|
Ayala Corporation (Spanish: Ayala y Compañía) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and Antonio de Ayala during the Spanish colonial rule, it is the country's oldest and largest conglomerate. The company has a portfolio of diverse business interests, including investments in retail, education, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, automotive, healthcare, and management and business process outsourcing. As of November 2015, it is the country's largest corporation in terms of assets ($48.7B)
- 1 History
- 2 Attached Companies and Investments
- 3 Retirement of the Ayala chairman
- 4 Oldest business house in Philippines
- 5 References
- 6 External links
The company began in 1834 with the formation of a distillery owned by Casa Róxas, a partnership between Domingo Róxas and Antonio de Ayala. The distillery was the maker of Ginebra San Miguel which was later acquired by La Tondeña, Inc. in 1929.
In the late 19th century, Ayala participated in the construction of the Puente de Ayala (Ayala Bridge) over the Pasig River in Manila. Built of wood in 1872, the bridge was reconstructed in steel in 1908 and became the first steel bridge in the Philippines. In 1888, Ayala introduced the first tramcar service in the Philippines. Ayala was 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.
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 the Philippine power supply, by 2015. In 2015, FinanceAsia awarded Ayala Corporation as the Best Managed Company in the Philippines in the 15th annual survey of top public companies in Asia.
Attached Companies and Investments
Business Process Outsourcing and IT
Retirement of the Ayala chairman
In January 2006, the board of directors publicly announced the decision by Jaime Zóbel 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 Zóbel de Ayala, succeeded him as Chairman and Chief Executive Officer of the corporation, while his younger son, Fernando Zóbel de Ayala, has assumed the position of President and Chief Operating Officer. The Zóbel de Ayala family's holding company, Mermac, Inc., continues to hold the controlling stake in Ayala Corporation.
Oldest business house in Philippines
In 2014, Ayala celebrated its 180th anniversary. The company is credited for having contributed to the socio-economic development of the Philippines.
- Borja, Marciano (May 1, 2005). Basques in the Philippines. Nevada: University of Nevada Press. ISBN 0874175909. Retrieved 6 June 2014.
- "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
- OECD, Organisation for Economic Co-operation and Development (2001). Corporate Governance In Asia: A Comparative Perspective. OECD Proceedings Series. OECD Publishing. ISBN 9789264183285.
- "APEC". Pearson PLC. Retrieved August 4, 2014.
- "Tuition in new private schools: 'P65 a day'". rappler.com. May 16, 2014. Retrieved August 4, 2014.
- "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
- Ayala Corporation website
- Ayala at 175 magazine
- Philippine Stock Exchange Information Page on Ayala Corporation