PAL Holdings appoints Lucio Tan III as president

PAL Holdings, Inc. has appointed Lucio C. Tan III as its president, taking over the post of his grandfather, Lucio C. Tan, who retained his role as chairman and CEO. “As the newly designated President of PAL Holdings, I am committed to providing stability and upholding the highest level of integrity within the company,” said Tan III Thursday. “I look forward to working closely with the Philippine Airlines (PAL) team, under the leadership of its president and COO, Stanley K. Ng, to ensure a collaborative and cohesive approach in serving the best interests of our customers,” he said. At the company’s annual stockholders’ meeting on Thursday, Tan III delivered the chairman’s message, which cited a need to rebuild PAL’s product and fleet. “We face major challenges just the same. We must resolve many operational and supply problems that hinder PAL from extending the best possible service to its customers,” he said.<br/>