Inquirer
Lucio Tan’s 29-year-old grandson primed to take empire’s reins
Lucio Tan III has been appointed as the new Vice Chairman and Chief Operating Officer (COO) of LT Group Inc., replacing his grandmother, Carmen Tan.
He will fully assume the role of President by April 20, 2023, succeeding his uncle Michael G. Tan who navigated the company through the COVID-19 pandemic.
The younger Tan has been taking on more responsibilities within LT Group and Philippine Airlines after his father, Lucio Tan Jr., died in 2019.
The LT Group is boosting its capital expenditures by 33% to P12 billion this year for the IT budget of Philippine National Bank and construction projects by Eton Properties and its joint venture with Ayala Land.
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