Sustainability Committee

Mr. Urquijo joined the Ayala Group Management Committee as Chief Sustainability and Risk Officer (CSO/CRO) of Ayala Corporation in August 2023.

He was previously Vice President for Business Development at Ayala Corporation’s listed energy platform, ACEN Corporation. During his tenure at ACEN, he led the initiatives to expand the group’s portfolio of assets in the Philippines, Vietnam, Myanmar and Indonesia. Most recently as country manager for Indonesia, he established ACEN’s office in Jakarta. These initiatives resulted in 500MW of operating wind and solar assets in Vietnam and over 2GW of pipeline projects for ACEN across the region.

Prior to his time at ACEN, Mr. Urquijo served as the Head of Business Development for AF Payments, Inc., a joint venture between the Ayala Group and Metro Pacific which was awarded and successfully delivered on a concession to modernize the ticketing system of the LRT 1, LRT 2 and MRT 3. He and the AF Payments team created the Beep Card payment system, which delivered the country’s first interoperable public transport payment card, integrating the rail commute of the 1.5 million commuters who use the LRT and MRT daily, with buses and retail use cases.

In addition to his CSO/CRO role, he is currently a Director of BPI, BPI/MS Insurance, IMI, AC Industrial Technology Holdings, Inc., AC Ventures Holdings Corp., Merlin Solar Technologies, Inc., Merlin Solar Technologies (Phils.), Inc. and Chairman of Klima 1.5 Corp. He is also Vice Chairman of the Board of Trustees and Chairman of the Executive Committee of Ayala Foundation.

He is an advisor to the Board of the Philippine Rugby Football Union and is the current President of the Notre Dame Club of the Philippines. He is also an Executive Committee member of the INSEAD Alumni Association of the Philippines and a Trustee of WWF Philippines.

Prior to joining the Ayala Group, Mr. Urquijo was an associate at JP Morgan in New York.

He received his MBA from INSEAD in France and his Bachelor of Arts degree in Political Science from the University of Notre Dame in the US.

Ms. Heras-de Leon, Filipino, previously served as managing director and member of the management committee of Ayala Corporation (2011-2015) and president of Ayala Foundation, Inc. (2011-2015). She was also vice president for policy, government, and public affairs of Chevron Geothermal Philippines Holdings (1997-2011), where she led corporate affairs for Chevron’s geothermal and natural gas interests and activities in the Philippines.

Ms. Heras-de Leon has held various leadership positions in Greater Houston Partnership and First City National Bank of Texas. She was a former trustee of Assumption Antipolo, Museo de La Salle, Word Wildlife Fund-Philippines, and Asia Society Philippines. She also served on the Advisory Board of Texas Children’s Hospital and Asia Society Texas.

Ms. Heras-de Leon holds a Master of Business Administration from the Thunderbird School of Global Management and a Bachelor of Arts degree in Asian Studies from the University of British Columbia.

Ms. Ocampo is an independent director of ACEN. She has also been an independent director of publicly-listed company ENEX Energy Corp. since April 2022. She is currently a consultant to the Ricardo Energy and Environment Consulting Firm, a United Kingdom-based company, for a project entitled “The Philippines Grid Diagnostic and Roadmap for Smart Grid Development.” Said project is under the funding support of the United Nations Office for Project Services, with the main task of establishing and developing governance issues to implement the project.

Ms. Ocampo served as president of the Philippine Electricity Market Corporation, a nonstock, nonprofit private organization that governs the country’s wholesale electricity spot market, from 27 March 2009 until 31 July 2017. Her experience includes developing energy policies and programs as undersecretary of the Department of Energy from May 2005 to December 2007. She was also involved in electric utility system regulation, planning and technical feasibility of electric power generation, transmission and distribution systems including granting of electric franchises to both electric cooperatives and private distribution utilities. She has extensive knowledge of energy regulation including petroleum and electricity pricing and competition rules and has provided consulting services to legislators on electricity pricing, particularly on the power purchased adjustments. She was also a consultant in the World Bank’s project on Electric Cooperatives system loss reduction program and to the USAID under the Asia Foundation in its project to introduce the open access and competition in the coverage of Philippine Economic Zone (PEZA). She was a board member (February 1996 to June 1998) and Chairman (August 1998 to August 2001) of the Energy Regulatory Board (now Energy Regulatory Commission). She served as a Division Chief (October 1979 to November 1988) and a director (December 1988 to February 1996) of the National Electrification Administration.

Ms. Ocampo is a certified public accountant. She earned her master’s degree from the University of the Philippines, Diliman, and holds bachelor’s degree Commerce, major in Accounting from the Republic Central Colleges in Angeles City, Pampanga.