Lucio Tan III, 27, Fills Late Father’s Shoes, Takes His Positions in PAL and Tanduay
Lucio Tan III, the son of the late Lucio “Bong” Tan II and the grandson of taipan Lucio Tan, has stepped in to fill his father’s shoes in the Tan family’s corporate empire.
According to a disclosure on the Philippine Stock Exchange, the board of directors of PAL Holdings, Inc., Philippine Airlines, Inc., and Air Philippines Corp. elected Tan III to take the positions left behind by his father upon his death. During Tuesday’s meeting, Tan III was elected as a director of LT Group, Inc. MacroAsia Corporation, Tanduay Distillers, Inc., PAL Holdings, Inc., Philippine Airlines, Inc., and Air Philippines Corporation.
Tan III was also appointed as president and chief operating officer of Tanduay Distillers, Inc., according to a separate disclosure.
Tan III earned his bachelor’s degree in computer engineering from Stanford University in 2015. He continued his graduate studies in the same school, later graduating with a master’s degree in computer science in 2017.
According to a PhilStar report, Tan III is only 27 years old.
Prior to his newly appointed roles, Tan III resided in San Franciso and interned at Apple and Facebook. His most recent post was as a software engineer at US-based ridesharing company Lyft, as per his LinkedIn profile.
The news of Tan III’s election comes after Tan’s airline arm was rocked with a number of resignations in addition to the passing of Lucio Tan’s supposed heir. Bong Tan passed away on November 11, 2019. He was only 53 years old.