The Aboitiz Group has been in business for over 100 years, spanning five generations. It all started with Paulino Aboitiz who established his small abaca trading business in Ormoc, Leyte in the 1880s. The next two decades saw the business flourish and expand into general merchandise and shipping to transport its products across the Visayas.
In 1920, Aboitiz & Company (ACO) was formally incorporated. The journey of ACO from a small family business to being one of the largest and most respected business groups in the Philippines is a testament to its solid foundation built on trust, fairness, integrity, and quality. The Aboitiz family firm has been fortunate to have undergone five smooth transitions in top management while retaining the simple and entrepreneurial approach that fueled the group’s expansion as new opportunities emerged, continuously improving with every turn of the tide.
Last July 9, to celebrate its 95th anniversary, Aboitiz family members from across the globe gathered once again for the ACO Shareholders’ Briefing held at the Oakridge Horizons in Mandaue City, Cebu.
Aboitiz Group President & CEO Erramon I. Aboitiz kicked off the afternoon’s event by giving a broad overview of the Group’s key initiatives supporting it’s four strategic pillars: Grow the Business, Stakeholder Engagement, Build Human Capital, and Execution Excellence. SBU CEO’s for power, banking, food and land, presented their respective operating results and five- year growth strategies, followed by a financial report summary from the Group CFO. EIA closed the briefing with the Group’s continued commitment to do well by doing good, and to achieve long lasting sustainability through the Aboitiz Way.
“We foresee large public and private investments pouring into the infrastructure space in the next 10 to 20 years, and we want to play a major role in this sector. We are particularly looking at bulk water, roads, railways, airports and cement projects. With all of the above developments, we definitely have our hands full and the anticipation of what’s ahead is quite palpable. We are taking purposeful steps toward realizing our vision to be a truly sustainable enterprise that we can entrust to future generations.”
Erramon I. Aboitiz,
CEO, Aboitiz Group