Tycoon Dr. Andrew Tan has handed over the reins of Megaworld Corporation, which he founded more than 30 years ago, to Lourdes T. Gutierrez-Alfonso who will serve as the company’s new president effective immediately.
In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said Gutierrez-Alfonso takes over the former post of Tan, who will remain with Megaworld as Chairman of the Board of Directors.
Gutierrez-Alfonso, 61 years old, was the chief operating officer of the company prior to her appointment as president. She is also a director of the company and the chairman of its Board Executive Committee and Management Executive Committee.
She has been with the company since 1990, and currently serves as a director in numerous affiliate companies, including publicly-listed Global-Estate Resorts Inc. and MREIT Inc.
Gutierrez-Alfonso also has extensive experience in real estate and a strong background in finance and marketing.
She graduated cum laude from the Far Eastern University (FEU) in 1984 with the degree of Bachelor of Science major in Accounting. She is a certified public accountant by profession.
Tan’s firstborn Kevin Andrew L. Tan has recently been named president of their holding company Alliance Global Group Inc. (AGI) following the retirement of Kingson U. Sian from leadership roles in Tan’s businesses.
Kevin Tan, 44 years old, is the current chief executive officer and vice-chairman of AGI. He has extensive experience in real estate, and executive management functions.
Tan has been with AGI since 2012, and currently serves as a director in numerous subsidiaries of the company, including publicly-listed Megaworld Corporation, Emperador Inc., Empire East Land Holdings Inc., Global-Estate Resort Inc. and MREIT Inc.
He holds a Bachelor of Arts Major in Humanities with Professional Certificate in Management from the University of Asia and the Pacific.