Further to disclosure on August 16, 2022, The Board of Directors of Ayala Land, Inc. ("Board"), upon the endorsement of Corporate Governance and Nomination Committee ("CGN Committee"), elected Mr. Jaime Augusto Zobel de Ayala as the Chairman of Executive Committee and member of Personnel and Compensation Committee, and Mr. Rex Ma. A. Mendoza as member of Executive Committee to serve the unexpired term of Mr. Fernando Zobel de Ayala. As likewise endorsed by CGN Committee, Board also elected Mr. Cezar P. Consing and Ms. Mariana Zobel de Ayala as advisors to Board to serve as such effective immediately until the next organizational meeting of Board after 2023 annual stockholders' meeting. Mr. Consing is a director of Ayala Corporation, Bank of the Philippine Islands ("BPI"), Globe Telecom, Inc. and ACEN
Corporation. He has been the Acting President of Ayala Corporation since August 15, 2022. He served as President and CEO of BPI from 2013 to 2021, and Chairman and President of the Bankers Association of the Philippines from 2019 to 2021. Ms. Mariana Zobel de Ayala is a director of AREIT, Inc. and a Senior Vice President at BPI for Consumer Bank. She also serves as a director and/or advisory committee member of a number of Ayala group companies in real estate, banking, asset management and healthcare.
Ayala Land, Inc. is a Philippines-based property developer. The Company is focused on developing integrated and mixed-use real estates. The Company operates through eight segments: Property Development, International Business, Shopping Centers, Offices, Hotels and Resorts, Construction, Property management, and Others. The Company has developed properties in the Makati CBD, Ayala Alabartg, Cebu Park District, Bonifacio Global City, and others. It has approximately 12,000 land, and 49 developed estates. The Company offers diverse portfolio of complementary businesses primarily in the development of residential, office, commercial, and industrial properties for sale, as well as commercial leasing through shopping centers, offices, hotels, resorts, factory buildings, warehouses, co-living, and co-working spaces. Its brands include Ayalaland Premier, Alveo, Avida, Amaia, and BellaVita. The Company's subsidiaries include Alveo Land Corporation, Serendra, Inc., and others.
AYALA LAND, INC. 
