The 30-year-old grandson of Lucio Tan takes over the presidency of the LT Group and PAL Holdings, on top of director positions in various companies within the family conglomerate
With all the responsibilities on his young shoulders as the recently appointed vice chairman and chief operating officer of the LT Group, Inc. and also the president and chief operating officer at Tanduay Distillers, Inc., what brings a smile to Lucio Tan III’s face?
Lucio C. Tan III, the grandson of tycoon Lucio Tan, has been appointed as the company’s vice chairman and chief operating officer (COO) of LT Group Inc. (LTG) after the company’s annual stockholders’ meeting on Wednesday. His appointment took effect immediately. Tan III, formerly a director, replaces his uncle Michael…
BusinessWorld
May 28, 2021 | 12:06 am
PAL Holdings, Inc. said Thursday that its board of directors has approved the appointment of Lucio C. Tan III, grandson of Chairman Lucio C. Tan, as vice-president of the company.
âPlease be advised that at the meeting of the board of directors held on May 26, 2021, the board approved the appointment of Mr. Lucio C. Tan III as vice-president of PAL Holdings, Inc.,â the listed operator of the Philippine Airlines said in a disclosure to the stock exchange.
The appointment of the chairmanâs grandson and son of the late Lucio âBongâ K. Tan, Jr. comes amid reports of bankruptcy protection plans.