MANILA - Lucio Tan III was elected as director of LT Group and PAL Holdings and was appointed in positions vacated by his late father Lucio "Bong" Tan Jr, the holding firms said Wednesday.
Aside from the holding firms, the grandson of tycoon Lucio Tan was also elected as director of MacroAsia Corp, Tanduay Distillers Inc, Philippine Airlines and Air Philippines Corp, PAL Holdings said in a disclosure to the stock exchange.
Tan III was appointed as president and chief operating officer of Tanduay Distillers Inc replacing his late father Tan Jr., LT Group said in a separate disclosure.
Tan Jr. died in November after collapsing during a basketball game. He was 53.