Thursday 20 September
Powered by Ajaxy
Apr 30, 2018 @ 8:57

Preserving family legacy: Lance Gokongwei takes helm at JG Summit


Bilyonaryo Lance Gokongwei is ready to take over the reins of the family’s growing business empire, spanning from shopping malls, snacks and beverages, real estate, airlines, banking to petrochemicals.

The only son of industrialist John Gokongwei, 51-year old Lance has been named chief executive of JG Summit Holdings Inc. effective May 14, to secure the legacy of his father, who founded the company 60 years ago.

He will replace his uncle James Go, who will remain as chairman of the company which has a presence in Southeast Asia.

Founded in 1957, JG Summit has grown to be one of the country’s largest conglomerates, amassing an unprecedented investment warchest over the years. With a market cap of P438.8 billion, JG Summit also has investments in telecommunications.

Lance, who joined the family business in 1988, is responsible for steering Cebu Pacific and Universal Robina Corp. to great heights.

Tags: , , , , , , , , , , , , ,

Related Stories
Universal Robina Corp. reported a 23.1 percent drop in net income in the first half
Universal Robina Corp. has earmarked P8 billion for its capital spending program this year, mainly
Universal Robina Corp. saw its first quarter net income decline by 12 percent to P3
The Gokongwei family is bringing in an outsider to lead regional consumer powerhouse Universal Robina


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.