{"id":18888,"date":"2024-05-23T03:06:07","date_gmt":"2024-05-23T03:06:07","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/acquisitions-synergy-and-technology-headline-aboitiz-groups-great-transformation\/"},"modified":"2024-05-23T03:06:07","modified_gmt":"2024-05-23T03:06:07","slug":"acquisitions-synergy-and-technology-headline-aboitiz-groups-great-transformation","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/acquisitions-synergy-and-technology-headline-aboitiz-groups-great-transformation\/","title":{"rendered":"Acquisitions, synergy, and technology headline Aboitiz Group\u2019s Great Transformation"},"content":{"rendered":"<div>\n<p><span class=\"NormalTextRun SCXW202973260 BCX0\">The Aboitiz Group reinforced its transformation goals for 2024 and beyond as it put its partnerships, acquisitions, and <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW202973260 BCX0\">interbusiness<\/span><span class=\"NormalTextRun SCXW202973260 BCX0\"> opportunities front and center during its 8th annual Leaders Conference (<\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW202973260 BCX0\">LeadCon<\/span><span class=\"NormalTextRun SCXW202973260 BCX0\">) held this month. Over 500 Aboitiz leaders gathered for the conference at Solaire Grand Ballroom, where the Group not only unveiled its growth strategies, <\/span><span class=\"NormalTextRun SCXW202973260 BCX0\">but also presented its <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW202973260 BCX0\">cutting edge<\/span><span class=\"NormalTextRun SCXW202973260 BCX0\"> innovations including its first pair of AI-powered virtual team members.<\/span><\/p>\n<p><span class=\"NormalTextRun SCXW111975336 BCX0\">With the <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111975336 BCX0\">LeadCon\u2019s<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\"> theme \u2018Unlocking <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111975336 BCX0\">Techglomerate<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\"> Potential<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\">\u2019,<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\"> the Group took stock of the steps that have been taken in recent years <\/span><span class=\"NormalTextRun AdvancedProofingIssueV2Themed SCXW111975336 BCX0\">in order to<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\"> transform itself into the Philippines\u2019 first <\/span><span class=\"NormalTextRun SpellingErrorV2Themed SCXW111975336 BCX0\">techglomerate<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\">. As the Group <\/span><span class=\"NormalTextRun ContextualSpellingAndGrammarErrorV2Themed SCXW111975336 BCX0\">experienced<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\"> massive growth in recent years, it is poised to form a sustainable business ecosystem among its many diverse companies that will become the core of its strategy in the coming years<\/span><span class=\"NormalTextRun SCXW111975336 BCX0\">.<\/span><\/p>\n<figure id=\"attachment_596955\" aria-describedby=\"caption-attachment-596955\" style=\"width: 1202px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" fetchpriority=\"high\" loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" class=\" wp-image-596955\" src=\"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL.jpg\" alt=\"\" width=\"1202\" height=\"797\" srcset=\"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL.jpg 770w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL-300x199.jpg 300w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL-768x509.jpg 768w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL-634x420.jpg 634w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL-640x424.jpg 640w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Sabin-Aboitiz-OL-681x451.jpg 681w\" sizes=\"auto, (max-width: 1202px) 100vw, 1202px\"><figcaption id=\"caption-attachment-596955\" class=\"wp-caption-text\">Aboitiz Group President and CEO Sabin M. Aboitiz called on Aboitiz Group leaders to be models and spread the values of transformation to their teams.<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">The Aboitiz Group is in the third year of its Great Transformation initiative, with everything from its culture, to processes, to technology evolving at a rapid pace. Aboitiz Group President and CEO Sabin M. Aboitiz emphasized the need for team leaders to imbibe the value of transformation and be the examples for their team members.<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cOur people will never change unless our leaders do, and our leaders will never change unless they know why they\u2019re doing it and why it\u2019s important. It\u2019s our responsibility as leaders to make sure everyone is supported. When we genuinely care about our teams, we create a leadership that inspires more than motivates,\u201d Sabin Aboitiz said.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Sabin Aboitiz added that the LeadCon is an avenue for the Group\u2019s team leaders to learn the key factors to unlocking techglomerate potential for their teams \u2014 namely strategy, synergy, and transformation \u2014 directly from Aboitiz\u2019s top brass. Each key speaker in the event offered a view of the Aboitiz Group\u2019s transformation journey and the opportunities that lie ahead.<\/span><\/p>\n<p><span data-contrast=\"auto\">Chris Beshouri, Aboitiz Equity Ventures\u2019 (AEV) Chief Strategy Officer, presented how the Aboitiz Group has rapidly transformed in the last decade after divesting its shipping and transport business. In such a short timespan, the Group has expanded to become a major conglomerate, diversifying its business interests with big-ticket acquisitions such as Citibank\u2019s Philippine consumer banking business, the operation and management of the Mactan-Cebu International Airport, and a 40% stake in Coca-Cola Beverages Philippines, Inc., among others.<\/span><\/p>\n<p><span data-contrast=\"auto\">The Group has also entered into major partnerships. One is with Japan\u2019s largest power generation company JERA, and a separate partnership with Meralco PowerGen and San Miguel Global Power Holdings for the country\u2019s first and most expansive integrated LNG facility in a deal worth $3.3 billion. In just three and a half years, the Aboitiz Group had entered into P255 billion worth of deals. According to Beshouri, this is the clearest sign yet of the Group\u2019s transformation.<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe goal of transformation is to have impact. And the potential for this Group to have economic impact is enormous. If you add up the market value of the (Aboitiz) Group, we represent an estimated 4%-5% of the total PH stock market capitalization as of 2023,\u201d Beshouri said. <\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Meanwhile, Eduardo Aboitiz, AEV Chief Synergy Officer, discussed the important role synergies will play in the pursuit of the Group\u2019s goals. Eduardo contextualized synergies as activities wherein Aboitiz businesses work together, enhancing value creation and making the whole Group to be more than the sum of its parts.<\/span><\/p>\n<p><span data-contrast=\"auto\">He shared that the Group is not starting from scratch. The Aboitiz story began with abaca production. From abaca, the Group started producing rope and mainly selling this to the shipping industry \u2014 which eventually became the Group\u2019s flagship business for over 80 years.<\/span><\/p>\n<p><span data-contrast=\"auto\">Today, the Aboitiz ecosystem is wider, resulting in more synergy opportunities. A straightforward example is AboitizPower (AP) reliably providing 100MW of competitively-priced power to its sister companies such as Republic Cement, Pilmico, UnionBank, Aboitiz Infracapital, and Coca-Cola. The Group also leverages on synergies to strengthen its Economic Estates. The Group combines its various assets such as power, water, construction, and banking to create a stronger offer to estate locators, enhancing value for all parties involved.<\/span><\/p>\n<p><span data-contrast=\"auto\">There are other initiatives being pursued. Still, despite these, Eduardo emphasized that massive opportunities remained untapped. He challenged everyone to maximize synergies and integrate the thinking in every team member of the Group.<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cSynergies do not start and end with the people in this room. Everyone can contribute. As we embark on this journey, we will start to see more connections appear. When we maximize these connections, that\u2019s when we can become a fully-integrated ecosystem and be fully transformed,\u201d he said.<\/span><\/p>\n<p><span data-contrast=\"auto\">The Group\u2019s businesses are not the only ones called to transform, but the individual team leaders as well. AEV Head of Transformation Dea Franko-Csuba called on the leaders to be adaptive and open to technologies, processes, and behaviors that can improve themselves, their teams, and the business. She cited the need to embrace emerging technologies that will assist teams in automating and optimizing work processes, such as artificial intelligence (AI).<\/span><\/p>\n<p><span data-contrast=\"auto\">\u201cThe Transformed Aboitiz Group is not an end destination. The future of our industries is unfolding in front of our eyes and we have to constantly reimagine ourselves on the fly. To build an adaptive, intelligent organization, we need to change the way from command and control leadership to an agile, empowering leadership style, where the leaders define where we are and where we are heading but the team figures out how to get there as a collaborative effort,\u201d Franko-Csuba said.<\/span><\/p>\n<figure id=\"attachment_596954\" aria-describedby=\"caption-attachment-596954\" style=\"width: 1153px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-596954\" src=\"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL.jpg\" alt=\"\" width=\"1153\" height=\"865\" srcset=\"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL.jpg 770w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-300x225.jpg 300w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-768x576.jpg 768w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-560x420.jpg 560w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-80x60.jpg 80w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-100x75.jpg 100w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-180x135.jpg 180w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-238x178.jpg 238w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-265x198.jpg 265w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-640x480.jpg 640w, https:\/\/www.bworldonline.com\/wp-content\/uploads\/2024\/05\/Aboitiz_Elsie_Albert-OL-681x511.jpg 681w\" sizes=\"auto, (max-width: 1153px) 100vw, 1153px\"><figcaption id=\"caption-attachment-596954\" class=\"wp-caption-text\">Transformation Head Dea Franko-Csuba (rightmost) unveils Elsie and Albert, the Aboitiz Group\u2019s first virtual team members.<\/figcaption><\/figure>\n<p><span data-contrast=\"auto\">As a highlight of her discussion, she introduced the Aboitiz Group\u2019s first-ever virtual team members, Elsie and Albert. The AI avatars were presented onstage, and gave helpful summaries of the presentations throughout the conference. They were also available to answer queries outside the event entrance, showcasing the ability of AI to assist the leaders and their teams.<\/span><span data-ccp-props='{\"201341983\":0,\"335559740\":276}'>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">The LeadCon also welcomed guest speaker Michael J.T. Steep, Founder of the Stanford University Disruptive Technology Program, who cited the need for innovation to facilitate transformation. He advocated for the use of AI in order to assist in the growth of businesses, and encouraged leaders to not only focus on being efficient workers, but also to foster people and networking skills to find the experts that their businesses need.<\/span><\/p>\n<p><span data-contrast=\"auto\">The Aboitiz Group\u2019s Leaders Conference gathers team leaders from across the Group\u2019s various business units in order to set direction and strategy as well as share best practices and achievements within the Group. This year\u2019s conference makes a return to a grand in-person event after several years of being held virtually or on a hybrid basis.<\/span><\/p>\n<p>\u00a0<\/p>\n<hr>\n<p><em>Spotlight is BusinessWorld\u2019s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld\u2019s audience by publishing their stories on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com.<\/em><\/p>\n<p><em>Join us on Viber at\u00a0<a href=\"https:\/\/bit.ly\/3hv6bLA\">https:\/\/bit.ly\/3hv6bLA<\/a>\u00a0to get more updates and subscribe to BusinessWorld\u2019s titles and get exclusive content through\u00a0<a href=\"https:\/\/bworld-x.com\/\">www.bworld-x.com<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>The Aboitiz Group reinforced its transformation goals for 2024 and beyond as it put its partnerships, acquisitions, and interbusiness opportunities front and center during its 8th annual Leaders Conference (LeadCon) held this month. Over 500 Aboitiz leaders gathered for the conference at Solaire Grand Ballroom, where the Group not only unveiled its growth strategies, but [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":18889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[1],"tags":[10282,17418,263,14644,3496,891,2321,14443,9949,7395],"class_list":["post-18888","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-aboitiz","tag-acquisitions","tag-and","tag-bworldonline","tag-great","tag-groups","tag-headline","tag-synergy","tag-technology","tag-transformation"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Acquisitions, synergy, and technology headline Aboitiz Group\u2019s Great Transformation - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/acquisitions-synergy-and-technology-headline-aboitiz-groups-great-transformation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Acquisitions, synergy, and technology headline Aboitiz Group\u2019s Great Transformation - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"The Aboitiz Group reinforced its transformation goals for 2024 and beyond as it put its partnerships, acquisitions, and interbusiness opportunities front and center during its 8th annual Leaders Conference (LeadCon) held this month. 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