Lucio Tan III, the grandson of beer and tobacco tycoon Lucio Tan, took over the leadership of listed conglomerate LT Group Inc. after a one-year transition period.
Tan III was elected president of LT Group following the company’s annual stockholders meeting, replacing his uncle Michael Tan, who had been president of LTG since 2010.LT Group is the holding company of Philippine National Bank, Tanduay Distillers Inc., Asia Brewery Inc. and Eton Properties Philippines Inc.
As the conglomerate paves the way for third generation leaders, Tan III committed to delivering positive results for the group.
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