Board of Directors

Agustin R. Montilla IV

Independent Director

AGUSTIN R. MONTILLA IV, Filipino, 54, has served as an independent director of Anvaya Cove Golf and Sports Club, Inc. since September 25, 2021. He joined Romulo Mabanta Buenaventura Sayoc & de los Angeles as an Associate in 1996. At Romulo, he was a senior partner and served on its executive board from 2016 until 2025.

Mr. Montilla led the firm’s teams working for its clients on mergers, acquisitions, private equity and capital markets transactions. While at Romulo, he served as Director of Lex Mundi, one of the largest global networks of independent law firms from 2019 to 2023. He is currently a member of the Board of Trustees of the Beacon International School Foundation, Inc.; member of the Board of Trustees and Chairman of the Cancer Resource and Wellness (Carewell) Community Foundation, Inc.; He is President and shareholder of Dueno Alegre, Inc.; ETM Philippines Holdings, Inc.; serves as Director and Corporate Secretary of SAL Buendia Holding Corp., and as Corporate Secretary of The Asia Society Foundation Philippines, Montivar, Inc. and BF Jade E-Services Philippines, Inc. In education, he has taught Western Civilization to most of Xavier School’s class of 1997; held the post of Lecturer in Law at Ateneo de Manila University School of Law from 1999 to 2004 from where he graduated with honors in April 1995. In May 2002, he earned his Legum Magister from Columbia Law School in New York.

Emilio Lolito J. Tumbocon

Independent Director

EMILIO LOLITO J. TUMBOCON, Filipino, 68, is presently a Commissioner of the Construction Industry Arbitration Commission; Director of Datem, Inc.; Chairman & President of the Makati Commercial Estate Association, Inc. (MACEA); Chairman & President of the Makati Parking Authority, Inc. (MAPA); Trustee of Project Management Institute, Philippines Chapter; and Chairman & President of Philippine Events, Exhibition & Convention Corporation (PEECC). He was the Group Head of Ayala Land, Inc. (ALI) Vismin Group, Human Resources & Public Affairs Group and Construction Management Group; and a member of the Management Committee of ALI until his retirement from ALI in December 2015.

He was also the President of Makati Development Corporation and Ayala Property Management Corporation. He was a Senior Vice President of ALI and in the past has served as a board director of various ALI subsidiaries & affiliates. He graduated from the University of the Philippines with a Bachelor of Science degree in Civil Engineering, and has an MBA from the same university. He also took the Construction Executive Program at Stanford University, California, U.S.A., the Senior Business Executive Program at the University of Asia & the Pacific, and The Executive Program at the Darden Graduate School of Business Administration, University of Virginia, U.S.A.

He is a certified Project Management Professional (PMP) of the Project Management Institute and a Fellow, Institute of Corporate Directors (FICD). He has 45 years of extensive experience in the project management, engineering & construction, and real estate industry.

Corporate Governance and Nomination Committee (2024)

Corporate Governance and Nomination Committee (2020)

Jessie D. Cabaluna

Independent Director

Ms. Cabaluna, Filipino, 67, is currently an independent director of Anvaya Cove Beach and Nature Club, Inc.. She is a former independent director of AREIT, Inc. and AREIT Fund Managers, Inc.. She was the former Assurance Partner and Head of Market Circle – 1 Bacolod Branch of SyCip Gorres Velayo & Co. (SGV). She is presently an Independent Director for AllHome Corp. and AllDay Marts, Inc. She is a Certified Public Accountant and a member of the Philippine Institute of Certified Public Accountants.

She has accumulated over twenty years of experience as a partner in the accounting firm, SGV & Co., where she was Partner-in-Charge of the Bacolod Branch.

Ms. Cabaluna holds a Bachelor of Science in Commerce (Major in Accounting) from the University of St. La Salle. She has also completed advanced management development programs conducted by the Asian Institute of Management and Harvard Business School.

Cassandra Lianne S. Yap

Independent Director

CASSANDRA LIANNE S. YAP, Filipino, 35, is an Independent Director since April 13, 2020. Ms. Yap is the Vice President and Corporate Secretary of Zamcore Realty & Development Corp. She is also the President, Chief Operating Officer and Chief Executive Officer of Ferenzo Holdings & Development Corp. and the Executive Vice President of FelCris Hotels & Resorts Corp. She graduated in 2011 with a degree in Psychology from Kwantlen Polytechnic University in British Columbia.

Renato O. Marzan

Independent Director

Mr. Marzan, Filipino, 74, has been an Independent Director of the Company since January 13, 2017.

He is currently the Chairman of the Board of Directors of UBS Securities Philippines, Inc. (USPI), a wholly-owned subsidiary of UBS AG. He has been an independent director of the USPI since May 2010. He is also a consultant and director in a number of private corporations.

He was formerly connected with Ayala Corporation where he retired in December 31, 2008. At the time of his retirement, he was the General Counsel, Managing Director and the Group Head of the Corporate Governance and Legal Affairs Group of the corporation. In such capacity, he exercised direct supervision and oversight over the Legal Division, Office of the Corporate Secretary, the Compliance Unit, and the Internal Audit of the corporation. He played an important role in the adoption and implementation of the principles and best practices of good corporate governance in the Ayala Group of Companies. During his career in Ayala, he also served as a director and corporate secretary of a number of companies within the Ayala Group.

He graduated magna cum laude with a degree of Bachelor of Arts major in Philosophy in 1969, and cum laude with a degree of Bachelor of Laws in 1973, both from San Beda University. Prior to joining Ayala in 1978, he was in the active practice of law.

Rex Maria A. Mendoza

Independent Director

Mr. Mendoza, Filipino, 61, has been an Independent Director of the Company since February 26, 2016 and its Lead Independent Director since July 18, 2017.

He is the Chairman of Rampver Financials, a dynamic player in financial services specializing in investments, and one of the biggest distributors of mutual funds in the Philippines.

He currently serves as an independent director of two (2) listed firms, the National Reinsurance Corporation of the Philippines and ALI. He is the Chairman of the Soldivo Funds and also a director of Esquire Financing, G-Xchange Inc. (GXI or Gcash), Seedbox Technologies, Seven Tall Trees Events Management (The Blue Leaf), The Cullinan Group, Mobile Group Inc. and many other leading companies in different fields. Rex is a member of Bro. Bo Sanchez’ Mastermind Group, and is cited by many as one of the best leadership, business strategy, investments, marketing and sales speakers in the country.

He is the author of two books, Trailblazing Success and Firing On All Cylinders, both certified national bestsellers.

He served as the President & CEO of Philam Life, one of the country’s most trusted financial services conglomerates and was Chairman of its affiliates and subsidiaries. He was also Senior Adviser to the Chief Executive Officer of the AIA Group. Prior to this, he was previously Senior Vice President and Chief Marketing and Sales Officer of ALI. He was also Chairman of Ayala Land International Sales, Inc., President of Ayala Land Sales, Inc., and Avida Sales Corporation.

He has a Master’s Degree in Business Management with distinction from the Asian Institute of Management. He was one of the 10 Outstanding Graduates of his batch at the University of the Philippines where he obtained a BSBA degree with a double major in marketing and finance. He was awarded Most Distinguished Alumnus of the UP Cesar Virata School of Business. He is also a Fellow with Distinction at the Life Management Institute of Atlanta, Georgia, USA, a Registered Financial Planner (RFP) and a four-time member of the Million Dollar Round Table (MDRT).

He was a professor of Marketing and Computational Finance at the De La Salle University Graduate School of Business. He taught strategic marketing, services marketing and services strategy. He has served as Chairman of the Marketing Department and was awarded as one of the University’s most outstanding professors.

Nathanael C. Go

Director

NATHANAEL C. GO, Filipino, 50, is a director of the company since January 13, 2017. Mr. Go is the President of Grenelle Central Corporation, Mighty and Strong (MAS) Food Corporation, United Harvest Corporation, and United Sustainment Solutions Corporation. Mr. Go graduated magna cum laude from Georgetown University with a BS degree in Foreign Service and completed his graduate studies in International Political Economy from the University of Warwick as a British Chevening scholar. Mr. Go worked in the Public Affairs practice of Burson Marstellar Beijing, and before that was a senior member of the Policy and Strategy Division of the National Security Council, Philippines.

Augusto D. Bengzon

Director

Mr. Bengzon, is the Treasurer of AyalaLand Logistics Holdings Corp. since May 14, 2020. He was Director of the Company from July 2017 to May 2020. He joined Ayala Land, Inc. (ALI) in December 2004 and currently serves as its Senior Vice President, Chief Finance Officer and Treasurer. He is also a Director of AREIT, Inc. He is currently the Chairman of FINEX Research and Development Foundation and the Vice Chaiman of the FINEX Academy, Inc. He likewise holds other positions within the Ayala Land Group, including Chairman of AyalaLand Business Solutions, Inc., Director and Chief Finance Officer of Altaraza Development Corporation. He sits as Director of various ALI Group entities, and elected officer holding the positions of Treasurer, Assistant Treasurer, Comptroller, and Chief Finance Officer. He is also a Trustee of the Philippine National Police Foundation, Inc.

He received his Bachelor of Science degree in Business Management from the Ateneo de Manila University and is a graduate of the Philippine Trust Institute. He was granted the Andres K. Roxas scholarship at the Asian Institute of Management where he received his Masters in Business Management degree.

Jaime Alfonso E. Zobel de Ayala

Director

JAIME ALFONSO E. ZOBEL DE AYALA, Filipino, 34, is a director of the company since May 14, 2020. Mr. Zobel de Ayala is the Chief Executive Officer of ACMobility, a platform for mobility solutions including automotive distribution, dealership, aftersales services, and electric vehicle infrastructure. He is also a director of AC Industrials, Isuzu Philippines, BPI Capital Corporation, among others. He is also a director of Globe Telecom, Inc. and ACEN Corporation. He has been appointed as a member of the Inter-Agency Investment Promotion Coordination Committee (IIPCC), as the sole private sector representative of the National Capital Region of the Republic of the Philippines. Prior to his role in ACMobility, he was the Co-Head of the Strategic Development Group and Head of Business Development and Digital Ventures of Ayala Corporation. He graduated from Harvard University, Cambridge, Massachusetts, USA, with Primary Concentration in Government in 2013 and his Master’s degree in Business Administration from Columbia Business School in New York in 2019.

Robert S. Lao

Director

ROBERT S. LAO, Filipino, 51, is the President and Chief Executive Officer since August 2, 2023.
Mr. Lao has been Senior Vice President of ALI and a member of its Management Committee since April 19, 2017. He is also the Group Head of Strategic Growth and New Ventures, head of AyalaLand Logistics Holdings Corp., the Central Land Acquisition Unit, and Sustainability Group. He is concurrently the Chairman, President and Chief Executive Officer and Director of Southcrest Hotel Ventures, Inc. and Northgate Hotel Ventures, Inc.; Chairman, President and Director of Ayalaland Medical Facilities Leasing, Inc., Whiteknight Holdings Inc. and Bonifacio Global City Estate Association, Inc.; Chairman and Director of Sicogon Island Tourism and Estate Corp., Sicogon Island Tourism and Estate Corp., Bonifacio Estates Services Corporation, Glensworth Development, Inc., A-Flow Land I Corp.; Executive Vice President and Director of Berkshires Holdings, Inc., Bonifacio Land Corporation, Columbus Holdings, Inc.; Emerging City Holdings, Inc., Fort Bonifacio Development Corp.; Director and Treasurer of Bonifacio Art Foundation, Inc.; Director of A-Flow Properties I Corp., Aurora Properties Incorporated, Ceci Realty, Inc., Vesta Property Holdings, Inc., Accendo Commercial Corp., Alveo Land Corp., Ayala Greenfield Development Corporation, Ayala Property Management Corporation, Cagayan De Oro Gateway Corp., Orion Land, Inc., Solinea, Inc., FLT Prime Insurance Corporation, Serendra, Inc., Tutuban Properties, Inc., Ayalaland-Tagle Properties, Inc., BGWest Properties, Inc.; President and Director of ALI Eton Property Development Corp. Prior to joining Ayala Land, Inc., he served as a Senior Process Engineer of Fujitsu Computer Products Corporation of the Philippines (FCPP) and Lead Process Engineer of PT Quantum Electronics in Indonesia. He studied at the University of Santo Tomas and graduated cum laude with a degree in Bachelor of Science in Industrial Engineering in 1995. He completed his Masters in Business Management (MBM) degree in 2001 from the Asian Institute of Management (AIM) and attended the International Student Exchange Program of the University of Cologne in Germany.

Felipe U. Yap

Vice Chairman

FELIPE U. YAP, Filipino, 88, has been director of the company since 1993. Mr. Yap has been Vice Chairman of the Company since February 24, 2016. He was Chairman of the Board of Directors of the Company from 2000 to February 2016 and Vice Chairman from 1993 to 2000. His other significant positions include: Chairman of the Board and Chief Executive Officer of publicly-listed companies Lepanto Consolidated Mining Company, Manila Mining Corporation, and Zeus Holdings, Inc.; Chairman of the Board and CEO of Far Southeast Gold Resources, Inc., Lepanto Investment and Development Corporation, Diamant Manufacturing and Trading Corporation, Diamond Drilling Corporation of the Philippines, and Shipside, Inc., Kalayaan Copper-Gold Resources, Inc., and Yapster e-Conglomerate, Inc.; Director of Manila Peninsula Hotel, Inc., Philippine Associated Smelting & Refining Corp. (PASAR). He graduated with a degree in B.A. Philosophy from the University of San Carlos in Cebu. He has extensive experience in the mining industry. He served as Chairman of the PSE Board of Governors from 2000 to 2002.

Anna Ma. Margarita B. Dy

Chairman

ANNA MA. MARGARITA B. DY, Filipino, 56, is the Chairman of ALLHC since December 14, 2023.
She is the President and Chief Executive Officer and Director of Ayala Land, Inc. since October 1, 2023.
She is a member of the Management Committee of ALI since August 2008. She was an Executive Vice President of ALI from January 1, 2023, to September 30, 2023, and was a Senior Vice President from January 1, 2015, until December 31, 2022. Prior to becoming President, she was the Head of the Residential Business Group of ALI in 2022 and Head of the Malls Group in 2023. Before that, she also headed the Ayala Land Estates Group. Her other significant positions are: Chairman of AREIT, Inc. (a publicly-listed company), Amaia Southern Properties, Inc., Ayalaland Premier, Inc., Ayala Land International Sales, Inc., Avida Land Corp., Alveo Land Corp., Avencosouth Corp., Altaraza Development Corporation, Amaia Land, Inc., Amicassa Process Solutions, Inc., Ayala Property Management Corporation, Ayalaland-Tagle Properties, Inc., BGWest Properties, Inc., BGNorth Properties, Inc., Bellavita Land Corp., Cagayan de Oro Gateway Corp., Vesta Properties Holdings, Inc. Portico Land Corp. and Solinea, Inc.; Vice Chairman of Aurora Properties, Inc., CECI Realty, Inc., and Ayala Greenfield Development Corporation; President of AKL Properties, Inc.; President and Chief Executive Officer of Fort Bonifacio Development Corporation; and Director of Accendo Commercial Corp., ALI Eton Property Development Corporation, Berkshires Holdings, Inc., Bonifacio Land Corporation, Columbus Holdings, Inc., Emerging City Holdings, Inc., Nuevocentro, Inc., Serendra, Inc. and Alveo-Federal Land Communities Inc.

She started her career in IBM, Bain and Benpres Holdings. She obtained an AB in Economics degree from Ateneo de Manila University, a Master of Science in Economics from London School of Economics and a Master in Business Administration from Harvard Business School.