PAL shakeup: Lucio Tan Jr. named president of holding firm | ABS-CBN
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PAL shakeup: Lucio Tan Jr. named president of holding firm
PAL shakeup: Lucio Tan Jr. named president of holding firm
Michelle Ong,
ABS-CBN News
Published Oct 29, 2019 11:02 AM PHT
MANILA -- Billionaire Lucio Tan's namesake son was appointed president of PAL Holdings, the parent firm of Philippine Airlines, the holding company said Tuesday, as the Tan family took greater management control of the flag carrier.
MANILA -- Billionaire Lucio Tan's namesake son was appointed president of PAL Holdings, the parent firm of Philippine Airlines, the holding company said Tuesday, as the Tan family took greater management control of the flag carrier.
Lucio "Bong" Tan Jr. replaced Gilbert Santa Maria, as PAL Holdings president. Santa Maria will stay on as Philippine Airlines president, the airline said.
Lucio "Bong" Tan Jr. replaced Gilbert Santa Maria, as PAL Holdings president. Santa Maria will stay on as Philippine Airlines president, the airline said.
Tan Jr.'s sister, Vivienne, is head of audit at PAL. PAL Holdings, which is listed on the Philippine Stock Exchange, is the holding company of PAL the airline.
Tan Jr.'s sister, Vivienne, is head of audit at PAL. PAL Holdings, which is listed on the Philippine Stock Exchange, is the holding company of PAL the airline.
At a board meeting last Oct. 28, Santa Maria presented a 90-day report and turnaround plan for PAL. His presentation was "well received by members of the board and Chairman Lucio Tan." PAL said.
At a board meeting last Oct. 28, Santa Maria presented a 90-day report and turnaround plan for PAL. His presentation was "well received by members of the board and Chairman Lucio Tan." PAL said.
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Philippine Airlines
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Vivienne Tan
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