Ayala Land embarks on major redirection

Ayala Land Inc. (ALI), the listed property giant of the Ayala Group, has commenced a shake-up of sorts as part of a major reinvention deemed necessary to adapt to the changing times.

- By IRIS GONZALES

As part of this realignment, ALI implemented changes in key positions by appointing seasoned expats and younger executives while some of the company's old guards opted to retire.

"In life, you have to keep on reinventing," Ayala Corp. and ALI chairman Jaime Augusto Zobel de Ayala told The STAR last week when asked about the changes.

Zobel said their company took the opportunity to bring in new people as some of the executives approached retirement age.

"Premiumization is one (of the reasons), but also, there was a chance to bring in some new talent," he said.

The reinvention efforts are centered on securing the best talent for key roles, making sure that ALI gets the best people who will drive the organization forward, insiders said.

As part of its organizational reinvention, ALI, which is led by Anna Margarita Dy