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Lucio Tan Sr. takes over PAL as president and chairman

Lucio Tan Sr. takes over PAL as president and chairman

Kristin Mariano

- February 20, 2020

In a disclosure to the Philippine Stock Exchange, PAL Holdings said that tycoon Lucio Tan Sr. was appointed by the board of directors as company’s president “on concurrent capacity” to his role as chairman.

The elder Tan will assume the position vacated by his son and namesake who passed away in November last year. Lucio “Bong” Tan Jr., who was then president of PAL Holdings, died due to brain herniation after he collapsed during a basketball game.

PAL Holdings also announced that stockholders of Philippine Airlines approved the increase of the flag carrier’s authorized capital stock from PHP 13 billion up to PHP 30 billion.

Lucio Tan Sr. is a Chinese Filipino billionaire businessman and educator with interests in banking, airline, liquor, tobacco, real estate industries, and education. In 2019, Forbes magazine listed him as the sixth richest billionaire from the Philippines with a net worth of USD 3.6 billion.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
NOMINATE SOMEONE
NOMINATE YOURSELF
The prestigious IWTA Awards 2024 Award Winners are listed below:

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We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

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Lucio Tan Sr. takes over PAL as president and chairman

Kristin Mariano

- February 20, 2020

No posts found.

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
NOMINATE SOMEONE
NOMINATE YOURSELF
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!
BOOK A MEETING
I WANT TO DOWNLOAD THE MEDIA KIT
YES, CONTACT ME
I WANT TO DOWNLOAD THE MEDIA KIT

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats
Schedule a meeting
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