MANILA, Philippines – Alliance Global Group, Inc. (AGI), the investment holding company of billionaire Dr. Andrew L. Tan, announces today the appointment of Kevin Andrew L. Tan as the conglomerate’s Chief Executive Officer (CEO), a position held concurrently by the older Tan as Chairman since 2006.
With the appointment of the Tan’s eldest son as CEO, the conglomerate’s patriarch will remain as Chairman of the Board.
“Kevin’s vast exposure and professional experience in the various companies under Alliance Global Group for almost two decades brings him to the pedestal of this new leadership role,” says Dr. Andrew L. Tan, chairman, AGI.
Prior to this appointment, the younger Tan has been the conglomerate’s executive director since September 2016. He also hold directorships in other AGI companies: Emperador, Inc., Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. (EELHI), and Golden Arches Development Corporation (GADC), the holder of the master franchise of McDonald’s Philippines.
As Executive Director of AGI, he was in-charge of the company’s external affairs, representing the conglomerate in various private and public functions.
With almost two decades of corporate experience, Tan has been recognized for his great contribution in catapulting Eastwood City, Megaworld’s first township development, to fame. With this, he also successfully led the masterplanning of other townships and mixed-use communities around the country, as well as land acquisition and property investments, during the last two decades.
Currently, Tan heads Megaworld Lifestyle Malls, the property giant’s own brand for mall and commercial developments. Under his leadership, the company was able to launch 15 full-scale malls in its various townships all over the country to date.
His experience in retail and commercial developments made him contribute greatly to achieve the company’s record P13-billion rental revenues last year.
In Emperador, Inc., Tan was the company’s Executive Director, where he was actively involved in its overseas expansion including the landmark acquisition of foreign liquor giants such as Bodegas Fundador Pedro Domecq and Bodega San Bruno of Spain, and Whyte & Mackay of Scotland.
Late last year, Tan was appointed President of the conglomerate’s newly-formed infrastructure arm, INFRACORP Development, Inc. He successfully led the company’s unsolicited proposal to the government to build the Skytrain monorail system which will connect the business districts of Makati City and Taguig City. Just last month, the Department of Transportation (DOTr) has given Infracorp the ‘Original Proponent Status’ (OPS) for the project.
As the new CEO, Tan will spearhead the conglomerate’s strategic direction, financial operations as well as investments and acquisitions. He will also take the lead in implementing programs and business strategies to further expand the company’s growth into becoming one of the most diversified conglomerates in the country.
AGI was incorporated in the Philippines on October 12, 1993, and began its operations in 1994. After its listing on the Philippine Stock Exchange (PSE) in 1999, the company obtained approval from the Securities and Exchange Commission (SEC) to broaden its primary business and become a holding company. Today, the holding firm has diversified into real estate, tourism and hospitality, gaming and entertainment, food and beverage, quick service restaurants as well as infrastructure. The companies under AGI include Megaworld Corporation, the parent company of three other major real estate subsidiaries: Empire East Land Holdings, Inc., Global-Estate Resorts, Inc. (GERI) and Suntrust Properties, Inc. (SPI); Emperador, Inc.; Travellers International Hotel Group, Inc., the operator of Resorts World Manila; Golden Arches Development Corporation (McDonald’s Philippines); and Infracorp Development, Inc.