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Lucio Tan grandson to take over the reins of LT Group

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… ....

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Lucio Tan's grandson appointed as PAL Holdings vice president


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.
“Please 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.,” the listed operator of the Philippine Airlines said in a disclosure to the stock exchange.
The appointment of the chairman’s grandson and son of the late Lucio “Bong” K. Tan, Jr. comes amid reports of bankruptcy protection plans. ....

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