GMA News
Ramon Ang’s son, Jacob takes over BMW Philippines
Jacob Ang, son of billionaire Ramon Ang, has been appointed as the new president of BMW Philippines, effective September 1.
He takes over from Spencer Yu, who led the company for seven years.
Jacob Ang, a race car driver in his 20s, also holds positions at Velocita Motors, the distributor of Ferrari in the Philippines, and is the special assistant to the chair at San Miguel Corp.
His father, Ramon Ang, expressed confidence that Jacob's leadership will further strengthen BMW's presence and create more value for customers.
The appointment comes at a time when the Philippine automotive market is experiencing shifts due to new premium brands and the rise of electric vehicles.
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