Wealthy businessman Eduardo M. Cojuangco Jr. was elected to the helm of Pure Foods Corp yesterday, at a special meeting following San Miguel Corp‘s (SMS) P6.58bn purchase of the Ayala Group‘s 93.98% stake in the Philippine food company.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Already chairman of SMC, Cojuangco can now be confirmed as the successor to Pure Food’s Jaime Zobel de Ayala.


Enrique A. Gomez Jr., currently president of La Tondena Distillers, was also voted in to be the president of both SMC and the newly acquired food company.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now