The helm of LT Group Inc., the flagship of taipan Lucio Tan, changed hands after a year-long leadership transition period which also marked the conglomerate’s best financial performance in the last 10 years. | ManilaBulletin
During the firm’s annual stockholders’ meeting, the taipan’s grandson 30-year-old Lucio Tan III, officially took over as president from Michael Tan, the taipan’s son who had been president since 2013.“I am deeply honored to accept the appointment as President and Chief Operating Officer. I thank the board of directors for entrusting me with this responsibility, and I am grateful to all of you for your support,” said Tan III.
He successfully steered the company in the past 10 years to greater heights with 2022's income nearly three times that of 2013 when LTG had its initial public offering that raised P37.7 billion. "Your company's journey, from the reorganization in 2012 of Tanduay Holdings Inc., to what it is today, has not been easy. As I look back over the past decade of LTG as a publicly-listed company, we have done our best to lead it to where it is, Built the Way, the Tried and Tested Way.
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