Money & Power

Aboitiz Equity Ventures Chairman Jon Aboitiz Passes Away at Age 70

The family has confirmed the news of his death.
IMAGE ABOITIZ.COM
Comments

The family of Jon Ramon Melendez Aboitiz, chairman of Aboitiz Equity Ventures (AEV), has passed away. EV chief executive Erramon I. Aboitiz confirmed the news and said the passing of their 70-year-old patriarch is “a big loss for us all.”

Apart from being chairman at AEV, Jon Aboitiz also served as president of the Aboitiz Foundation and non-executive director of Union Bank of the Philippines. He held the position of CEO of AEV from 1994 to 2008 and president from 1976 to 2008. According to Forbes, his net worth was $265 million. 

Erramon Aboitiz was appointed as his successor at AEV.

Jon Aboitiz started working with the Aboitiz Group in 1970, after earning his Management degree from the University of Santa Clara, California. He first worked with Aboitiz Shipping Corporation before working with the conglomerate’s other businesses such as the Davao Light & Power Company, the Visayan Electric Company, and the Aboitiz Power Corporation. He worked his way up from a manager position and became the AEV’s president in 1976.

ADVERTISEMENT - CONTINUE READING BELOW

There have been reports of the Aboitiz group grooming its next generation for bigger roles within its various businesses.

Comments
About The Author
Hannah Lazatin
Senior Staff Writer
Hannah is a communications graduate from Ateneo de Manila University. She’s originally from Pampanga and from a big, close-knit family who likes to find a reason to get together at the dinner table. Experiences inspire her. “Once, at a restaurant, I received an interpretation of my second name ‘Celina,’ and it meant 'someone who tries everything once' and that is me through and through,” she says. As for the job, she wants her “readers to be inspired by the stories of the people we feature and to move them to reach for greater things.”
View Other Articles From Hannah
Comments
Latest Stories
 
Share
During the trip, the royal couple will make a historic visit to Cuba.
 
Share
In a world of cramped seats and incessant delays, these are the airlines worth flying.
 
Share
Don't leave without trying at least one of these iconic dining establishments.
 
Share
Town&Country managing editor Nicole Limos and PGATECH president Mark Morales share some wedding planning tips and details about their Makati wedding and reception.
 
Share
The prince’s solicitor reportedly sent a letter to various press organizations who ran the photographs "highlighting his reasonable expectation to privacy."
 
Share
He attended 10-month-old's private christening ceremony this weekend alongside his wife Meghan, his grandmother the Queen, and his aunt Princess Anne.
 
Share
Tom Cunanan, Margarita Manzke, and Sheldon Simeon were each nominated in three different categories.
 
Share
These soon-to-be It bags feature a whole lot of logos and warm tones.
 
Share
It's time to expand your palate to the other great whiskeys of the world.
 
Share
Load More Articles
CONNECT WITH US