Business

VMC confers chairman emiritus title to Lucio Tan

The board of directors of Victorias Milling Corp. has conferred upon bilyonaryo Lucio Tan Sr. the role of chairman emiritus in recognition of his invaluable contribution to the country’s leading sugar producer.

The board of directors of Victorias Milling Corp. has conferred upon bilyonaryo Lucio Tan Sr. the role of chairman emiritus in recognition of his invaluable contribution to the country’s leading sugar producer.

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“As an expression of gratitude and appreciation, VMC deemed it appropriate to acknowledge his invaluable and enduring assistance during a critical period in VMC’s history by conferring upon him the said title,” the listed firm said in a stock exchange filing.

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Tan, through Philippine National Bank and Tanduay Holdings Inc., has management control of the sugar firm

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