The 38-year-old Kevin Tan is the new CEO of Alliance Global, the holding company founded by his father, billionaire Andrew Tan
Kevin Tan, the eldest son of billionaire Andrew Tan, has been named CEO of Alliance Global Inc. (AGI), the company said in a statement on Monday, June 4.
AGI is the Tans’ investment holding company with interests in real estate, tourism and hospitality, gaming and entertainment, food and beverage, quick service restaurants and infrastructure.
The elder Tan, who was concurrent CEO, will remain 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,” Andrew Tan said.
The 38-year-old Tan has held various senior positions within the conglomerate, most recently as executive director in charge of the company’s external affairs and representing the conglomerate in various private and public functions.
He also holds directorships in other AGI companies, including 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.
Tan currently heads Megaworld Lifestyle Malls, the property giant’s own brand of mall and commercial developments. There are now 15 full-scale malls in Megaworld’s various townships all over the country.
In announcing his appointment, the company cited the younger Tan’s role in developing Eastwood City, Megaworld’s first township project. He was also recognized for successfully leading “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.”
The company added that his experience in retail and commercial developments was a key factor in Megaworld hitting a record Php13 billion in rental revenues in 2017.
As CEO, Tan “will spearhead the conglomerate’s strategic direction, financial operations as well as investments and acquisitions"
Late last year, Tan was appointed president of the conglomerate’s newly formed infrastructure arm, INFRACORP Development, Inc. The company successfully pitched a proposal to the government to build a Skytrain monorail system that would connect Makati City and Bonifacio Global City in Taguig.
Tan was also heavily involved in the overseas expansion of the conglomerate’s liquor business Emperador, Inc. In 2014, the company acquired Whyte & Mackay of Scotland, and Bodegas Fundador Pedro Domecq and Bodega San Bruno of Spain the following year.
AGI said that in his new role as 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 operations in 1994. After 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.
The companies under AGI include Megaworld Corp., the parent company of three other major real estate subsidiaries: EELHI, 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.
Paul John Caña is the managing editor of Entrepreneur PH