US EditionJAZA Steps Down as Globe Chairman; Consing Named Successor - BusinessWorld Online
Cezar Consing replaces Jaime Augusto Zobel de Ayala after 30 years, while Zobel stays on as chairman of Asiacom Philippines, Globe said.
- On Tuesday, April 21, Globe Telecom announced that longtime chairman Jaime Augusto Zobel de Ayala has stepped down after nearly 30 years, with veteran banker Cezar Consing elected as his successor.
- Serving as chairman since 1996, Zobel was the "principal architect of Globe's evolution from a cable company into the country's first digital telco," the company stated, crediting his leadership with "democratizing access to connectivity."
- While leaving the board, Zobel will continue supporting Globe as chairman of Asiacom Philippines Inc., a joint venture between Ayala Corp. and Singtel Telecommunications Ltd.
- Consing, who currently serves as president and CEO of Ayala Corp., inherits a company navigating a saturated market after Globe reported a 4.12% drop in net income to P23.3 billion for 2025.
- The leadership transition follows the appointment of Carl Raymond Cruz as president and CEO last year, as the telco pivots toward digital ventures like GCash to drive future growth.
12 Articles
12 Articles
JAZA steps down as Globe chairman; Consing named successor - BusinessWorld Online
JAIME AUGUSTO Zobel de Ayala (JAZA) has stepped down as chairman and director of Globe Telecom, Inc., with the board electing Ayala Corp. President and Chief Executive Officer (CEO) Cezar P. Consing as his successor. In a regulatory filing on Tuesday, Globe said Mr. Zobel will continue to serve as chairman of Asiacom Philippines, Inc., the company’s joint venture with Ayala Corp. and Singtel Telecommunications Ltd., one of its major shareholders…
JAZA ends 30-year stint as Globe chair
Jaime Augusto Zobel de Ayala, the driving force behind the growth of telco giant Globe Telecom Inc., has stepped down as chairman of the company, marking another leadership change after bringing in a new president last year.
Jaime Augusto Zobel de Ayala steps down as Globe chair
MANILA, Philippines — Jaime Augusto Zobel de Ayala has stepped down as chair of Globe Telecom after nearly 30 years, with longtime Ayala executive Cezar Consing elected to succeed him. In a disclosure on Tuesday, Globe said its board chose Consing as the new chair during an organizational meeting held on April 21, immediately following the company’s annual stockholders’ meeting. Zobel, also known as “Jaza,” had served as Globe’s chair since 1996…
Jaime Augusto Zobel de Ayala steps down as Globe chairman
MANILA, Philippines – Jaime Augusto Zobel de Ayala has stepped down as Globe Telecom’s chairman after nearly 30 years, the telco giant announced on Tuesday, April 21. In a disclosure to the Philippine Stock Exchange, Globe said that it has elected Cezar Consing to replace Zobel as the company’s chairman. Consing also serves as president and chief executive officer of Globe’s parent firm Ayala Corporation. Zobel, often referred to by his initials…
Coverage Details
Bias Distribution
- 63% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
