ALI and IMI boards reorganized after FZA resignation – Manila Bulletin

Further changes in leadership roles are being implemented in the Ayala Group of Companies following the resignation of Fernando Zobel from Ayala (FZA) for health reasons.

Real estate giant Ayala Land Inc. revealed to the Philippine Stock Exchange that Jaime Augusto Zobel de Ayala (JAZA) was elected Chairman of the Board of Directors while his daughter Mariana Zobel de Ayala was elected Director, both for the term unexpired from FZA.

Ayala Corp. President and CEO Fernando Zobel de Ayala

Ms Zobel was also appointed as an additional member of the sustainability committee to serve until the next organizational meeting of the board of directors after the annual meeting of shareholders in 2023.

Meanwhile, Integrated Micro-electronics Inc. revealed that its Board of Directors accepted the resignations of Chairman JAZA and Director FZA and elected Jaime Z. Urquijo to replace FZA and Roland Joseph L. Duchâtelet to replace JAZA .

Jaime Augusto Zobel de Ayala, President of Ayala Corp.

This was after approval by IMI’s Corporate Governance and Nominating Committee and election by the other IMI Board members, who still constituted a quorum.

The IMI Board of Directors also reviewed and approved the appointment of Delfin L. Lazaro as Chairman of the Board to replace JAZA who will remain involved in overseeing the strategy, vision and growth of IMI. ‘IMI in his capacity as Chairman of AC Industrial Technology Holdings, the parent company of IMI, and Ayala Company.

Urquijo is currently a director of Bank of the Philippines Islands, AC Industrial Technology Holdings, Inc., Merlin Solar Technology, Inc., Merlin Solar Technology (Phils.), Inc., ACE Enexor, Inc. and ACE Endevor, Inc. He is the Assistant Vice President of Business Development for ACEN’s International Business Unit.

Prior to that, he was Head of Strategy and Development at Ayala Corporation. From 2014 to 2016, he was seconded to AF Payments, Inc., where he served as a business development manager overseeing the launch of the Beep Card payment system.

Before joining the Ayala Group, he was a partner at JP Morgan in New York. Urquijo earned his Bachelor of Arts in Political Science from the University of Notre Dame, Indiana, USA, and earned his Masters in Business Administration from INSEAD, France.

Duchâtelet, 75, Belgian, has worked for several companies in Belgium and Germany. He created several companies throughout his career, organizing around fifty acquisitions or disposals of companies in the meantime. One of them was EPIQ, which is now part of IMI.

Together with his business partners Rudi De Winter and Françoise Chombar, he created Melexis, a company that won them the title of “Company of the Year” in 2000.

In the year 2000, Duchâtelet became active in Internet commerce. Between 2007 and 2010 he was a member of the Belgian Senate.

Duchâtelet graduated in engineering and applied economics from the University of Louvain. He also earned his Masters in Business Administration from the same university.

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