Try GOLD - Free
Succession, and future-proofing legacy
Manila Bulletin
|July 20 2025
One of the events I attended last week, of AF Hospitality (AFH) and the Araneta-Fores family, had me pondering on the issue of succession, and perpetuating legacy, in this country.
-
If one were to use royalty as the metaphor, the event I attended was in essence, a "coronation." As the son of legendary culinary icon, the late Margarita Fores; this was Amado Fores ascending to be CEO of an AFH that was now subsuming a number of the brands his mother had founded, and being made the president and CEO of CIBO - which had been founded by Margarita, and was being run with her brother and sisters in executive roles.
Speaking of generational succession; a first cousin of Amado, Mercedes Fores, was ascending to take on the role of CIBO Chief Operating Officer (COO), a role previously occupied by a non-family member professional, Edgar Caper. Caper, was moving up to be one of the managing directors. It may have been precipitated by Margarita's untimely passing, but here was their version of the "changing of the guard."
What was nice to observe was the united front the family, across two generations, were displaying - rallying around the expanded role being placed on the shoulders of 33-year old Amado.
It was honoring the memory and legacy of Margarita, and ensuring her wishes come to fruition; while ensuring that the legacy endures, and even grows further.
This story is from the July 20 2025 edition of Manila Bulletin.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Manila Bulletin
Manila Bulletin
A transwoman's struggle to earn more
From 'lugawan' to coffee shop
4 mins
February 2, 2026
Manila Bulletin
Manila Bulletin celebrates 126th year today: Still guided by principles of accuracy and fairness
One hundred twenty-six years in journalism says one thing clearly: Manila Bulletin is part of Philippine history.
2 mins
February 2, 2026
Manila Bulletin
Opening doors through technical training
TMP Tech scholars and the lives they build after school
3 mins
February 2, 2026
Manila Bulletin
House panel to begin hearings on Marcos impeachment raps
The House Committee on Justice will begin public hearings on Monday, Feb. 2, for the determination of sufficiency in form and in substance as far as the two impeachment complaints filed against President Marcos are concerned.
4 mins
February 2, 2026
Manila Bulletin
A fisherman's tale
'Yolanda' took fisherman's house and banca; MB readers send donations to rebuild his life
4 mins
February 2, 2026
Manila Bulletin
How a Classified Ad launched a CEO's career
A single P7 copy of the Manila Bulletin in 1993 became an investment that yielded a 30-year return for Robinsons Land Corp. (RLC).
3 mins
February 2, 2026
Manila Bulletin
PH price growth likely quickened in January ’26
Consumer prices likely accelerated in January as higher costs for food staples and fuel threatened to push price growth back into the central bank’s target range, potentially ending a yearlong streak of below-target readings.
2 mins
February 2, 2026
Manila Bulletin
PH back as world's second banana exporter
The Philippines regained its position as the second largest exporter of bananas in the world last year after overcoming setbacks from pests and adverse weather conditions, according to the Food and Agriculture Organization (FAO).
2 mins
February 2, 2026
Manila Bulletin
A commitment to literacy and learning
The Manila Bulletin forged partnerships with leaders to promote love of reading
2 mins
February 2, 2026
Manila Bulletin
People-first AI strategy a must, Brian Poe tells AI summit
When FPJ Pan-day Bayanihan pattylist Rep. Brian Poe thinks of artificial intelligence (AI), it's not super advanced robots or smart gadgets that comes to his mind.
1 min
February 2, 2026
Listen
Translate
Change font size
