Ayala affiliate Cebu Holdings Inc. (CHI) and its unit Cebu Property Ventures and Development Corp. (CPVD) welcomed their newly-appointed president Aniceto Bisnar, who is a former vice president at Ayala Land Inc. (ALI).

Bisnar, 50, will replace Francis Monera, who was the CHI and CPVD president for eight years. Monera resigned from his post at the end of last year to go on retirement.

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