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Change looming at Ayala Land’s helm

Posted on April 02, 2014 10:28:21 PM [ BusinessWorld Online ]

LISTED Ayala Land, Inc. (ALI) will see a change at its helm next week, banking on continuity as one veteran succeeds another, the property developer said in a statement attached to its disclosure yesterday.

ALI announced the nomination of Bernard Vincent “Bobby” O. Dy, currently the company’s executive vice-president and chief operating officer, as president and chief executive officer to succeed Antonino “Tony” T. Aquino who will continue to serve as director and member of the executive committee of the board.

ALI said Mr. Dy’s nomination will be submitted to and confirmed by the board at an organizational meeting following the stockholders’ meeting scheduled on April 7.

In its statement, ALI said 50-year-old Mr. Dy studied and worked abroad for 16 years before joining the company in 1997. He earned a bachelor’s degree in business administration from the University of Notre Dame in Indiana, USA and obtained a master’s degree in business administration and in international relations at the University of Chicago. ALI noted further that he held “senior regional roles” at multinational firms in Hong Kong and China.

Since joining ALI, Mr. Dy has held various leadership posts in the company, including at Fort Bonifacio Development Corp. where he “spearheaded transformation of Bonifacio Global City into the dynamic business district that it is today.”

The statement also quoted ALI Chairman Fernando Zobel de Ayala as citing Mr. Aquino’s “exceptional leadership throughout his 34-year career with the Ayala group,” including at Ayala Property Management Corp. and Manila Water Company, Inc.

“We are confident that Bobby Dy’s experience… will keep the company on its growth trajectory,” Mr. Zobel de Ayala added.

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