Ayala steps down as Globe chair; Cezar Consing takes over

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MANILA, Philippines — Globe Telecom Inc. announced that its long-time chairman, Jaime Augusto Zobel de Ayala, stepped down as chairman of the board.

In a disclosure on Tuesday, April 21, Globe said that Ayala Corp. President and Chief Executive Officer (CEO) Cezar Consing is the new chairman of the board of directors.

“Globe would not be the institution it is today without JAZA’s (Jaime Augusto Zobel de Ayala) vision and belief in what Globe could achieve,” Globe’s disclosure read.

“With JAZA stepping down as our beloved Chairman, JAZA will continue to support Globe in his capacity as Chairman of Asiacom Philippines, Inc., the joint venture company of Ayala Corp and Singtel, the major shareholders of Globe,” it added.

Also elected as vice chairpersons are Tan Mee Ling Aileen and Jaime Alfonso Antonio Zobel de Ayala.

Carl Cruz remained as the president and CEO of Globe Telecom.

Ayala has served as the firm’s chairman since December 1996. He has also served as a director since March 1989.

Globe, in its disclosure, described Ayala as a “principal architect” of Globe’s transformation from a traditional cable company into the nation’s leading digital telecommunications provider.

“Under his guidance, Globe became an instrumental contributor to democratizing access to connectivity,” Globe’s disclosure read.

“From mobile services as a privilege available only to small percentage of the population, technology and distribution investments allowed a large majority of Filipinos to enjoy the benefits that access to communications and information can bring,” it added.