New Era: Millennial Grandson Takes Over P110-Billion Conglomerate

Lucio Tan III, at 30 years old, was named the new president of their family business, one of the country’s biggest conglomerates.

May marks a new begging for everyone; a new month means a fresh start. For LT Group, Inc. (LTG) it is the month they welcome their new president. Lucio ‘Hun Hun’ Tan III, Lucio Tan’s 30-year-old grandson, was named the conglomerate’s new president.

Photo via LinkedIn

The millennial president now faces the most challenging role of his life yet, leading one of the country’s largest conglomerates. Being in the family business is not new to him. Before the appointment, Tan III was appointed as the company’s COO in 2022, his role then differed from his new position.

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Tan III will replace his uncle, Michael Tan, LTG’s president for the past decade. The young president’s appointment was announced during the company’s annual stockholders’ meeting on Wednesday, May 3. “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,” the young president said during the company’s organization meeting on Wednesday.

Photo via Facebook Philippine Airlines

Before joining the company in 2019, Tan III was in the US being involved in the US tech scene. After graduating from Stanford with an electrical engineering and computer science degree, it is expected that Tan III will lead the company to a bright future. Injecting a younger spirit into the conglomerate.

Photo banner via LinkedIn.

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