Jaime Alfonso Zobel de Ayala, son of Ayala Corporation chairman Jaime Augusto Zobel de Ayala, is now heading AC Motors—the umbrella organization that distributes brands such as Honda, Volkswagen, Isuzu, Kia, Maxus, KTM, and Husqvarna starting August 1.
In a disclosure to the Philippine Stock Exchange, Ayala Corporation said Alfonso has been seconded to AC Industrials Technology Holdings, the emergent technologies company of the Ayala Group.
AC Motors Group is part of AC Industrials Technology Holdings, together with the global manufacturing and enabling technologies businesses.
Alfonso will be leaving his post in Ayala Corp. as the co-head of Corporate Strategy Group, head of Business Development and Digital Ventures and member of the company’s management committee.
He will be succeeded by Mark Robert Uy, who has over a decade of investment banking experience, more recently as Credit Suisse’s country manager and head of Investment Banking and Capital Markets in the Philippines.
The move is part of the Ayala Group’s reorganization.
Separately, AC Motors will announce the distributorship of a new automotive brand next week.
Now it could be a MIDAS touch...hope it is not too late...
ReplyDeleteAt a first glance, he looks like James Reid.
ReplyDeleteLet's hope some youtful energy is injected into some of the brands in that lineup, like VW.
ReplyDeleteIt's time to bring in VW electrified vehicles
DeleteA new dawn for AC motors! Good luck and more power!
ReplyDeleteP.s. huwag na sana ma ulit nangyari sa VW and Maxus
And sa kia na paliit nang paliit ang market share
DeleteMaxus will be managed now by SAIC Motor Philippines next year
DeleteAC Motors stopped importing new Maxus vehicles last year
His company already got BYD and his next move is to improve and relaunch the Volkswagen brand by introducing the Tharu/Taos SUV and likely some Volkswagen ID vehicles like the ID:3 and ID:4
ReplyDeleteKia Philippines is likely gonna continue relying on what Kia Yueda China are exporting by offering the new Seltos and EV5 SUVs in the Philippine market next year.
Is that.. a European version of Isko Moreno?
ReplyDelete