LTG names Tan's grandson as president
Lucio Tan's grandson, 30-year-old Lucio C. Tan III, was named president of LT Group (LTG), replacing his uncle Michael G. Tan.
Tan III has been serving as COO and vice-chairman since last year and also holds positions at Tanduay Distillers Inc. and PAL Holdings.
The company reported a 24% increase in attributable net income to P25.14 billion for 2022, driven by its tobacco business.
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