Alliance Global Group appoints Andrew Tan's eldest son as new CEO

Alliance Global Group Inc. (AGI), the investment holding company of billionaire Andrew L. Tan, has appointed Kevin Andrew L. Tan as the conglomerate’s chief executive officer, 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, the company said on Monday.

“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, chairman of AGI, said in a statement.

Prior to this appointment, the younger Tan has been the conglomerate’s executive director since September 2016. He also holds directorships in other AGI companies, including Emperador Inc., Global-Estate Resorts Inc., Empire East Land Holdings Inc., and Golden Arches Development Corporation, the holder of the master franchise of McDonald’s Philippines. —VDS, GMA News