Ayala Corp names new CFO

ABS-CBN News

Posted at Dec 18 2014 10:51 AM | Updated as of Dec 18 2014 06:51 PM

BPI Family Savings Bank president Jose Teodoro K. Limcaoco has been appointed as CFO of Ayala Corp.

MANILA, Philippines - Ayala Corp. on Thursday named BPI Family Savings Bank president Jose Teodoro K. Limcaoco as its new chief finance officer (CFO).

In a disclosure to the stock exchange, Ayala Corp. said its executive committee has approved the appointment of Limcaoco as CFO and finance group head, effective April 10, 2015.

Limcaoco will replace the current CFO and finance group head Delfin C. Gonzalez, Jr., whose five-year term ends on April 10, 2015.

"As our new CFO effective April 10, 2015, Mr. Limcaoco will be a key member of our Management Committee, Ayala Group Management Committee, and our Investment Committee," the company said.

Limcaoco, 52, has held various posts in several Ayala Group companies. He was President of BPI Capital Corporation from 2007 to
2010, Officer-in-Charge for Ayala Life Assurance, Inc. and Ayala Plans, Inc., Trustee and Treasurer of Ayala Foundation, Inc., President of myAyala.com, and CFO of Azalea Technology Investments, Inc.

Gonzalez, 65, had previously been awarded as ING-Finex CFO of the Year and Best Chief Financial Officer by FinanceAsia.