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Mermac is AC's top stockholder

Zobel-owned Ayala Corp. (AC) has seven-person board, with Jaime Augusto Zobel de Ayala as chairman and at the same time the company's chief executive officer. Brother Fernando is vice chairman and chief operating officer.

In a 2021 general information sheet (GIS), AC listed authorized capital stock (ACS) of 1.21 billion, divided into 900 million common shares with a P50 par value, 12 million preferred A shares with a P100 par value, 58 million preferred B shares with a P100 par value, 40 million preferred B shares with a P100 par value, and 200 million voting preferred shares with a P1 par value.