The exits span key leadership positions, led by Augusto D. Bengzon, senior vice president and member of the management committee, and vice presidents Jennylle S. Tupaz, Carol T. Mills, Ferdie M. Mangali, and Jose C. Platero.
Bengzon, Tupaz, and Mills stepped down effective December 31, 2025, while Mangali and Platero retired on January 1, 2026, according to regulatory filings.
Bengzon, now in his early 60s, was Ayala Land’s longtime chief financial officer before stepping down last year after former banker Eduardo Quimpo II was named CFO, while the other retiring executives are in their early to late 50s.
Planned transition under company policy
The move appears consistent with company policy that grants retirement eligibility and benefits to long-serving executives, an insider said.
Mills previously served as chief executive officer of AREIT before shifting her focus as president of Ayala Land Offices.
Tupaz was senior estates development head overseeing Central Luzon, Visayas, and Mindanao, having earlier served as president of Ayala Land Malls, Inc.
Platero was chief supply chain officer under the corporate finance and procurement group of Makati Development Corp., while Mangali headed the corporate resource and services group of the same unit.
—Edited by Miguel R. Camus
