Lucio Tan Taking Over as Temporary PAL President
Billionaire Lucio Tan will take over as the interim president of Philippine Airlines (PSE: PAL) effective immediately.
PAL executive vice president, treasurer and chief administrative officer Vivienne Tan said her father Lucio Tan, concurrently the chairman of the flag carrier, decided to assume the company’s top post pending the approval by the board of directors of the candidates for president.