AYALA Corp. on Friday said its wholly owned subsidiary, AC Logistics, would have a new chief executive officer (CEO) starting next month.

"Effective July 1, 2024, Erry Hardianto will assume the role of chief executive officer of AC Logistics while his predecessor, Jose Rene D. Almendras, will continue to guide Ayala's public affairs group," the country's oldest conglomerate said in a stock exchange filing.Hardianto worked for Maersk for 23 years and held senior positions in the company's operations in Singapore, Thailand, Indonesia and the Philippines, Ayala said."He was Asia-Pacific regional logistics operations head prior to joining AC Logistics. He has successfully managed, grown, acquired and transformed complex multi-country logistics operations across Asia," it added.Almendras has served as president and CEO of AC Logistics since 2016. He is also currently president of Management Association of the Philippines.On Friday, Ayala Corp. shares fell 0.25 percent to P596.50 apiece.