Lucio “Bong” Tan Jr., president of PAL Holdings and son of business tycoon Lucio Tan, passed away on Monday at the age of 53. His sister Vivienne Tan confirmed the passing on Monday of Tan Jr., who assumed the top position in PAL Holdings recently. Aside from his stint in PAL Holdings, Tan Jr. also held executive p ositions in Tanduay Distillers Inc., Eton Properties Philippines, Fortune Tobacco Corp., Allied Bankers Insurance Corp., LT Group and Philippine National Bank, among others, according to Cielo Villaluna, PAL spokesman. The sad news about Tan Jr.’s passing came two days after tycoon John Gokongwei Jr. died at the age of 93. Prior to his death, the newly appointed PAL Holdings president became the head coach of the University of the East Red Warriors in the University Athletic Association of the Philippines in Season 82 men’s basketball tournament.

Source: Manila Times November 11, 2019 16:24 UTC