MANILA, Philippines – Ayala Land Inc. is set to elect a new president and chief executive officer.
In a disclosure to the stock exchange on Wednesday, the developer announced the nomination of Ayala Land executive vice president and chief operating officer Bobby Dy.
Dy’s nomination will be submitted and confirmed by the board at the organizational meeting following the company’s stockholders meeting on April 7.
The 50-year-old Dy joined Ayala Land in 1997 and has held various leadership positions in the company.
He is known for leading the transformation of Bonifacio Global City into a dynamic business district.
“We are confident that Bobby Dy’s experience with the company over the past 17 years will keep the company on its growth trajectory. He has overseen major transformative programs over his career with land and residential development, commercial and retail leasing and most recently, as overall chief operating officer," said Ayala Land chairman Fernando Zobel de Ayala.
Dy is slated to succeed Antonino Aquino, who will continue to serve as a director and member of the board’s executive committee.
Aquino was part of the Ayala group for 34 years, leading the Ayala Property Management Corp. and Manila Water Co., Inc.
“Under his leadership, he dramatically improved the operating efficiency and profitability of Manila Water, which enabled it to make continuous service improvements in its concession area,” Zobel said.
“He shaped a clear plan for ALI and redefined its businesses. His tireless energy and unique leadership skills rallied the entire organization and the company to its highest period of growth and profitability in its history,” Zobel added.