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Ayala exec appointed to D&L board

MANILA, Philippines – D&L Industries announced yesterday the appointment of lawyer Mercedita Nolledo as an independent director.

Nolledo, a Certified Public Accountant, is  a veteran corporate executive of the Ayala Group of companies. She will serve in the audit committee and remuneration committee.

She is also chairman of BPI Investment Management Inc. and director of Xurpas Inc., a Philippine-listed technology company.

Apart from this, Nolledo sits on the board of trustees of the Ayala Foundation Inc. and BPI Foundation.

Nolledo  holds several other directorships including Ayala Automotive Holdings Corp., Ayala Land Commercial REIT Inc., Anvaya Cove Beach and Nature Club, Bank of the Philippine Islands, BPI Capital Corp., BPI Family Savings Bank, Honda Cars Cebu, Honda Cars Makati, Isuzu Automotive Dealership, Isuzu Cebu, Michigan Holdings and Prime Initiatives Inc.

A graduate of the University of the Philippines, Nolledo holds a Bachelor of Science in Business Administration (Magna Cum Laude) and Bachelor of Laws (Cum Laude).

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D&L’s  principal business activities include manufacturing of customized food ingredients, specialty raw materials for plastics, and oleochemicals for personal and home care use.

Established in 1963, D&L has the largest market share in each of the industries it serves, as well as longstanding customer relationships with the Philippines’ leading consumer and chemical companies. It was listed on the Philippine Stock Exchange in December 2012.

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