00:00Jaime Augusto Zobel de Ayala steps down as Globe Telecom's chairman after nearly 30 years in service.
00:06Globe announces Zobel's departure to the Philippine Stock Exchange on Tuesday, April 21.
00:12The telco giant also discloses that it elected Cesar Consing to replace Zobel as the company's
00:17chairman. Consing also serves as president and chief executive officer of Globe's parent firm
00:22Ayala Corporation. While Globe has not disclosed the reason for Zobel's departure, the Ayala-owned
00:28telco described him as the architect of its evolution from a cable company to a digital
00:32telco. Zobel, often referred to by his initials JAZA, served as the chairman of Globe since 1996
00:38and director since 1989. Despite his departure, the company says Zobel will continue to support
00:44the telco as chairman of Asiacom Philippines Inc. Meantime, Zobel continues to chair several
00:50firms under his family corporation including BPI, Ayala Land, and Ayala Corporation.
00:54Transcription of toits constantly
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