Business

Holder of Lucio Tan’s purse strings replaces Vivienne Tan as PAL treasurer

Five years after taking over the brother of bilyonaryo Lucio Tan as
treasurer of the LT Group Inc., Juanita “Janet” Tan Lee is taking over
her daughter as treasurer of Philippine Airlines (PAL).

Five years after taking over the brother of bilyonaryo Lucio Tan as
treasurer of the LT Group Inc., Juanita “Janet” Tan Lee is taking over
her daughter as treasurer of Philippine Airlines (PAL).

In a disclosure to the Philippine Stock Exchange, the joint board of
directors of PAL group approved in an August 27 board meeting Lee’s
appointment as treasurer of PAL Holdings, PAL Inc. and Air Philippines
Corp.

Vivienne was named treasurer less than three months ago during PAL’s
annual shareholders meeting on May 30.

This is how columnist Vic Agustin described the 75-year old University
of the East graduate said: “She is unrelated to the family but
nevertheless can pull rank over family members on account, according
to the the grapevine, of her long, loyal service to that taipan.”

Aside from LT Group, Lee is a director of Eton Properties ,Asia
Brewery, Fortune Tobacco, Dominium Realty and Construction.

She is the corporate secretary of Asian Alcohol, Absolut Distillers,
The Charter House, Inc., Far East Molasses, Foremost Farms, Grandspan
Development , Himmel Industries, Landcom Realty, Lucky Travel,
Marcuenco Realty, PMFTC Inc., Progressive Farms, REM Development,
Tanduay Distillers, Tobacco Recyclers ,Total Bulk, Zebra Holdings,
Inc.; and assistant corporate of Basic Holdings.

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