Ayala Land to get new CEO

By: Doris C. Dumlao - 11 years ago

INQUIRER FILE PHOTO

MANILA, Philippines—Ayala Land Inc. will soon have a changing of the guards following the nomination of Bernard Vincent Dy as its new president and chief executive officer to succeed the retiring Antonino Aquino.

In a press statement on Wednesday, ALI announced the nomination of Dy, 50, as the new chief executive subject to confirmation by the board at the organizational meeting following the company’s stockholders meeting on April 7.

Aquino, 66, will continue to serve as director and member of the executive committee of the board.

“I thank Tony Aquino for his exceptional leadership throughout his 34-year career at the Ayala group. During those years he led the Ayala Property Management Corp. and Manila Water Co., Inc.,” ALI chair Fernando Zobel de Ayala said.

“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 de Ayala said.

At the same time, Zobel de Ayala expressed confidence in Dy, adding that the executive had been with the company over the past 17 years and would likely keep ALI 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,” he said.

Dy joined ALI in 1997 and has held various leadership positions in the organization. In 2003, he was assigned to Fort Bonifacio Development Corp. and spearheaded the transformation of Bonifacio Global City into the dynamic business district that it is today. He has been at the helm of the company’s residential business since 2006 where he successfully directed its entry into new and more affordable segments. In 2012, the commercial business was also placed under his leadership during which new retail products were developed.

Before joining ALI, Dy studied and worked abroad for 16 years. He earned a bachelor’s degree in Business Administration from the University of Notre Dame in Indiana, USA, and obtained his master’s degree in BusinessAadministration and in International Relations at the University of Chicago. He also held senior regional roles for multinational companies in Hong Kong and China.