Lucio “Hun Hun” Tan III yesterday was appointed to fill up major positions vacated by the passing of his father, Lucio Tan Jr., in the family businesses.
Tan III was elected as director of LT Group, Inc., MacroAsia Corp., Tanduay Distillers Inc., PAL Holdings, Inc. (PHI), Philippine Airlines Inc. and Air Philippines Corp.
Tan III was also appointed as president and chief operating officer of Tanduay Distilers, Inc.
Tan earned his Bachelor’s Degree in Electrical Engineering in 2015 and Master’s Degree in Computer Science in 2017 both from Stanford University.
PHI also approved the appointment Carmen Tan as vice chairman of Philippine Airlines.
Meanwhile, PHI approved the resignation of Celeste Mutuc as the flag carrier’s chief finance officer (CFO).
An airline finance veteran Nilo Thaddeus Rodriguez will be the acting chief financial officer effective January 16, 2020 to replace Mutuc who is stepping down due health and personal reasons, according to PAL statement.
Rodriguez, a Master’s degree holder from the Asian Institute of Management and an alumni of the UP College of Business Administration, will bring to PAL 28 years of finance industry experience, including 15 years of leadership roles across the Asia-Pacific region.
Rodriguez has a proven track record in airline financial management having served as regional manager for Finance-Asia-Pacific, regional manager for Supply Chain-Asia-Pacific and finance manager for the Philippines, Australia and New Zealand of Delta Air Lines (formerly Northwest Airlines) from 1999-2011. He served as corporate finance executive of SGV & Co. from December 1996 to January 1999 and as CFO of the same company from 1990 to 1992.