Zobel took control of the Ayala group in December 2020 as part of the succession plan. Zobel's older brother, Jaime Augusto Zobel de Ayala, gave up his seat as CEO of AC while staying on as chairman. RELATED STORIES: Fernando 'in high spirits': JAZA allays concerns after brother goes on leave Emergency medical leave: Fernando Zobel steps down from Ayala Corp. top posts, Cezar Consing takes over as president and CEO Fernando Zobel de Ayala takes leave from Globe Telecom to 'focus on health'