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Ayala Group reshuffling top execs

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<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img src="http://sa.kapamilya.com/absnews/abscbnnews/media/2020/business/12/16/jose-teodoro-limcaoco-albert-de-larrazabal.jpg"/><figcaption>Ayala Corp&#x27;s Chief Financial Officer Jose Teodoro &quot;TG&quot; K. Limcaoco (left) will become BPI&#x27;s President and CEO on April 22, while Globe&#x27;s Alberto M. de Larrazabal (right) will succeed as Ayala&#x27;s CFO. <em>File Photo</em></figcaption></figure></div><p>MANILA - The Ayala Group announced Wednesday top executives of its companies Ayala Corp (AC), Bank of the Philippine Islands (BPI), and Globe Telecom will moving within the organization.</p><p>“The Ayala group of companies is very fortunate to have a deep bench and succession pathways for colleagues who epitomize our values and exhibit potential beyond their current roles,” Jaime Augusto Zobel de Ayala, AC chairman and CEO, said in a statement. </p><p>AC&#x27;s Chief Financial Officer (CFO), Jose Teodoro Limcaoco will succeed Cezar Consing as President and CEO of BPI, after board approval on Wednesday.</p><blockquote class="twitter-tweet"><p dir="ltr" lang="en">READ<br/>Leadership shift at one of the Philippines&#x27; biggest banks <a href="https://twitter.com/search?q=%24BPI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BPI</a> as Ayala Corp. <a href="https://twitter.com/search?q=%24AC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AC</a> Chief Finance Officer Teodoro &quot;TG&quot; Limcaoco is named as next President and CEO of the lender, succeeding Cezar &quot;Bong&quot; Consing <a href="https://t.co/1SxYKnSLEK">pic.twitter.com/1SxYKnSLEK</a></p>— Bruce T. Rodriguez (@BruceTRodriguez) <a href="https://twitter.com/BruceTRodriguez/status/1339111203436601344?ref_src=twsrc%5Etfw">December 16, 2020</a></blockquote><p><script async="" src="https://platform.twitter.com/widgets.js" charSet="utf-8" type="text/javascript"></script>Limcaoco&#x27;s transfer will be effective after the BPI stockholders&#x27; meeting scheduled for April 22 next year.</p><p>Consing, now outgoing BPI president, will remain as a board director and executive committee member of the bank.</p><p>Meanwhile, Globe&#x27;s concurrent Chief Commercial Officer (CCO) Alberto M. de Larrazabal will become AC&#x27;s CFO after Limcaoco by the time of AC stockholders&#x27; meeting on April 23.</p><p>After De Larrazabal&#x27;s transfer, Globe will move up Maria Louisa Guevarra-Cabreira to the CCO position, from her current post as head for Globe&#x27;s Commercial Business.</p><p>Zobel is confident of the major leadership moves, citing Limcaoco&#x27;s strong banking and finance background will serve BPI as he goes back to banking roots, while also welcoming Larrazabal as their new CFO.</p><p>Before transferring to AC, Limcaoco was an executive vice president of BPI, and president of BPI Capital 10 years ago.</p><p>The Ayala Group of companies include not only conglomerate AC, BPI and Globe, but also Ayala Land, Manila Water, AC Infrastructure, AC Energy, and electronics manufacturer Integrated Micro-Electronics Inc.</p><ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/business/12/01/20/ayala-corp-chief-sees-uneven-economic-recovery-continuing-pain-for-msmes-in-2021">Ayala Corp chief sees uneven economic recovery, continuing pain for MSMEs in 2021</a></li></ul><div><strong>RELATED VIDEO</strong></div><figure class="op-interactive"><iframe height="315" src="https://www.youtube.com/embed/V5ClreENwTE?enablejsapi=1" width="560"></iframe></figure><div class="iwantbar">Watch more in <a href="//www.iwantv.com.ph/">iWantv</a> or <a href="//tfc.tv/">TFC.tv</a></div>

<p>The Ayala Group announced Wednesday top executives of its companies Ayala Corp (AC), Bank of the Philippine Islands (BPI) and Globe Telecom will be subject to movements within the organization.<br /> </p>

The Ayala Group announced Wednesday top executives of its companies Ayala Corp (AC), Bank of the Philippine Islands (BPI) and Globe Telecom will be subject to movements within the organization.