BOSTON, Sept. 27, 2007 - In a special ceremony in front of some 900 MBA students, faculty and staff, Dean Jay Light conferred the School's highest honor, the Alumni Achievement Award, to the Philippines' own Jaime Augusto Zobel de Ayala II (MBA '87). Mr. Zobel de Ayala was one of five recipients of the Award in recognition of their excellence, integrity, and leadership in business and society.

Mr. Zobel de Ayala is Chairman and CEO of the Ayala Corporation, the oldest, largest and most widely diversified conglomerate in the Philippines. He also serves on many boards in the Philippines and around the world, including the Ramon Magsaysay Award Foundation, the World Wildlife Fund-Philippines and World Wildlife Fund (USA), and the International Youth Foundation. Additionally, he serves as an advisor for a number of corporations and institutions, including Harvard University, Mitsubishi, the New York Stock Exchange and Toshiba.