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Manila Bulletin devider Business devider The Stock Market devider 5 Ayala Land executives retire as leadership handover begins

5 Ayala Land executives retire as leadership handover begins

Published Jan 6, 2026 03:00 pm
ALI Chief Finance Officer (CFO) Augusto Bengzon
ALI Chief Finance Officer (CFO) Augusto Bengzon
Real estate giant Ayala Land Inc. started the new year with the retirement of five key officers led by former Chief Financial Officer Augusto D. Bengzon, whose replacement by Jose Eduardo A. Quimpo was announced as early as August 2025.
Bengzon retired as senior vice president and member of the Management Committee on Dec. 31, 2025, together with ALI vice presidents Jennylle S. Tupaz and Carol T. Mills, while vice presidents Ferdi M. Mangali and Jose C. Platero Jr. retired on January 1.
Mills, vice president of ALI since 2016, was also the president of Ayala Land Offices and was the first president of AREIT Inc. when the real estate investment trust was listed in 2020.
Tupaz has been a vice president of ALI since 1997 and was also project manager of Avida Land Corporation during that time. She became President and CEO of Alveo Land in 2017, President of AyalaLand Malls in 2018, and Senior Estates Development Head of ALI’s Estates Group.
Mangali was also head of the Corporate Resources and Services Group of ALI subsidiary Makati Development Corp. and started as human resources department manager of Avida Land.
Meanwhile, Platero headed MDC’s Procurement, Asset Management and Logistics, Risk Management, and Insurance Groups.
Last August, ALI named Quimpo to succeed 21-year ALI veteran Bengzon, who had remained part of the Ayala Land Group’s leadership team as a member of the Management Committee and a Director in its various subsidiaries, including AyalaLand Logistics Holdings Corp. (ALLHC) and Avaland Berhad in Malaysia.
“This transition reflects ALI’s deliberate succession strategy—strengthening its financial leadership bench, reinforcing market stability, and positioning the company to build on its growth momentum,” the firm said.
Quimpo brings extensive experience in corporate finance, capital markets, and risk management, having held leadership roles across the Ayala Land Group and the banking industry.
As Chief Executive of AREIT, where he stepped down last August, he led the company through a period of growth and diversification.
He has also held leadership posts within Ayala Land since May 2024, including as CFO of the Leasing & Hospitality Group, Chief Risk Officer, and Head of Corporate Finance, Strategy, and Investor Relations.
Bengzon’s eight-year tenure as CFO shaped ALI’s strong capital position, broadened and diversified its portfolio across multiple real estate asset classes, and established award-winning Investor Relations, Corporate Governance, and Corporate Treasury programs.
He is credited with multiple firsts in ALI’s history, such as the first corporate bond in the Philippines, the first real estate investment trust, and the first Sustainability-Linked Financing.

Related Tags

Ayala Land Inc. Augusto D. Bengzon Jose Eduardo A. Quimpo II Carol T. Mills Jennylle Tupaz
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