Property whiz takes ALI helm
Meean played a key role in launching critical projects in our portfolio, such as BGC, Nuvali, Vertis and Arca South
Daily TribuneMeean played a key role in launching critical projects in our portfolio, such as BGC, Nuvali, Vertis and Arca South
Anna Ma. Margarita or Meean B. Dy takes over as ALI president and chief executive officer in place of Bernard Vincent or Bobby Dy. | Photograph courtesy of Ayala Land Inc.
As part of the group's succession planning across its business units, property developer Ayala Land Inc., or ALI, has appointed its first-ever female top honcho.
The company announced on Tuesday the appointment of Anna Ma. Margarita or Meean B. Dy as ALI's president and chief executive officer.
She will succeed Bernard Vincent or Bobby O. Dy, who will retire from ALI after 26 years in the company. Starting 1 October, Bobby will take a new role as senior advisor to ALI chairman, Jaime Augusto Zobel de Ayala.
In a letter sent to employees, Zobel said he is confident that ALI will continue to have a meaningful impact as a business and an economic growth driver with Meean at the helm.
"Meean's extensive experience encompasses pivotal leadership roles within the Strategic Landbank Management Group. She played a key role in launching critical projects in our portfolio, such as BGC, Nuvali, Vertis and Arca South," Zobel said.
Long group experience
"Her journey continued as she led the Residential Business Group and, more recently, assumed leadership over the Malls, Offices, and the Hotels and Resorts Group," he added.
Upon her assignment as executive vice president and chief operating officer of ALI, Meean had since been included in the regular meetings of the Ayala Group Management Committee and involved in key decisions concerning the entire ecosystem.
Meean Dy graduated magna cum laude from Ateneo De Manila University's Economics Honors Program in 1990.
She earned her Master's degree in Economics from the London School of Economics and Political Science in 1991 and an MBA at Harvard Graduate School of Business Administration in 1996.
Driven by the sustained resilience of the property market and revived consumer activity, ALI generated a net income of P11.4 billion during the first half of the year, up by 41 percent from last year's numbers.
ALI said its bottom-line profit growth was pushed up by the company's stellar performance during the second quarter alone — where it raked in a net income of P6.9 billion.
Likewise, ALI augmented its property development revenues by 13 percent to P38.7 billion due to higher residential project completion, bookings, and sales of commercial and industrial lots and office units.
