Ayala Land greets 2026 with leadership changes

MANILA, Philippines – Ayala Land Inc. (ALI) is seeing a fresh leadership transition this 2026 as five of its top executives vacated their posts.

The group disclosed on Tuesday that senior vice president Augusto Bengzon’s retirement took effect last Dec. 31.

READ: Ayala Land sees ‘softer’ 9-mo financial results

Bengzon also served as a member of the firm’s management committee. He helped shape ALI’s position in the real estate market during his 21-year stint with the company.

Also, vice presidents Jennylle Tupaz, Carol Mills, Ferdie Mangali and Jose Platero, Jr. retired. Their retirement became official on Dec. 31 and Jan. 1.

Tupaz was VP at ALI for almost 29 years. She was also a senior estates development head for Central Luzon, the Visayas and Mindanao.

Tupaz was also president of Ayala Land Malls from May 2018 to December 2020, and Alveo Land from March 2017 to May 2018.

READ: Ayala Land gets fresh IFC loan to develop sustainable malls

Mills previously led the group’s real estate investment trust AREIT Inc., when it went public in 2020. She was also the president of Ayala Land Offices Inc.

Mangali was also the head of the corporate resources and services group of the subsidiary Makati Development Corp.

Platero, meanwhile, was the head of procurement, asset management and logistics, risk management and insurance groups of Makati Development Corp.

Sought for insight, Wendy Estacio-Cruz, head of research at Unicapital Securities, said this development “signals a significant but mostly planned leadership transition.”

“While Bengzon’s exit removes deep institutional experience in finance, the appointment of seasoned successors like CFO (chief financial officer) Jose Eduardo Quimpo suggests continuity and a structured succession plan,” she said.

Last August, ALI appointed Quimpo as CFO and treasurer. The seasoned executive has extensive experience in corporate finance, capital markets and risk management.