TYCOON Andrew Tan has given up his position as chief executive officer of listed holding firm Alliance Global Group, Inc. (AGI), appointing son Kevin his as replacement. Alliance Global, in a disclosure, said its board had accepted the resignation, adding that the elder Tan would remain chairman of the conglomerate. Tan has no disagreement with the corporation on any matter relating to its operations, policies or practices,” it added. He is also president of AGI’s newest subsidiary, Infracorp Development, Inc., which was established last year in a bid to participate in the Duterte administration’s centerpiece “Build Build Build” program. As the new CEO of AGI, Kevin Tan will spearhead the conglomerate’s strategic direction, financial operations as well as investments and acquisitions.

Source: Manila Times June 04, 2018 16:41 UTC