Zobel steps down as Globe chair; Consing takes over
MANILA, Philippines — Jaime Augusto Zobel de Ayala has stepped down as chair of Globe Telecom Inc. after nearly three decades at the helm. Ayala group veteran Cezar Consing was elected as his successor.
In a disclosure on Tuesday, the telco giant said Consing was tapped as the new chair during the board’s April 21 organizational meeting. This washeld immediately after the Globe’s annual stockholders’ meeting.
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Zobel, widely known as “Jaza,” served as Globe chair starting 1996 and had been a member of the board since 1989.
While Globe did not disclose Zobel’s reasons for stepping down, it cited the tycoon as “the principal architect of Globe’s evolution from a cable company into the country’s first digital telco and today’s leading mobile network operator.”
“Globe would not be the institution it is today without Jaza’s vision and belief in what Globe could achieve,” the company said.
Despite stepping down, Zobel will continue to be involved in Globe through Asiacom Philippines Inc.. This is a joint venture between Ayala Corp. and Singapore Telecommunications Ltd., one of the company’s major shareholders. INQ
