Ayala Corporation announced appointment of Mr. Estelito C. Biacora as Treasurer effective November 1, 2018. As previously disclosed, Corporate Governance and Nomination Committee has earlier endorsed the appointment to the Executive Committee. Mr. Biacora has replaced Ms. Ma.

Cecilia T. Cruzabra who has resigned as Treasurer effective October 31, 2018, to become the Chief Finance Officer, Treasurer, Group Director for Corporate Finance and Strategy, and Compliance Officer of Manila Water Company, Inc. The appointment of Mr. Biacora supersedes the designation as Acting Treasurer effective November 1, 2018, of Mr. Jose Teodoro K. Limcaoco, Chief Finance Officer, Finance Group Head, Chief Risk Officer and Chief Sustainability Officer.