Lucio Tan III

Lucio Tan III is the third-generation leader taking an increasingly prominent role in one of the Philippines’ largest family-owned conglomerates, spanning interests in banking, tobacco, beverages, aviation and property. A summa cum laude graduate of Stanford University in electrical engineering with a master’s in computer science, Tan III honed his expertise at global tech firms including Apple and Lyft before returning to the Philippines following the passing of his father, Lucio “Bong” Tan, Jr, in 2019.

In May 2023, he assumed the post of president and COO of LT Group, alongside the presidency of Tanduay Distillers. Strengthening his leadership across the family’s flagships, he took over as president of PAL Holdings in January 2024 to steward national flag carrier Philippine Airlines, while also serving on the boards of MacroAsia, Philippine National Bank and other Tan-led companies. Under his stewardship, LT Group posted a record PHP 30.98 billion in attributable net income in 2025—its fourth consecutive year of record earnings—and maintained strong momentum into the first half of 2026, with attributable net income rising 14 per cent year-on-year to PHP 17.03 billion.

Balancing technological acumen with respect for heritage, Tan III has accelerated digital modernization across the portfolio, particularly expanding e-commerce initiatives for Tanduay while steering airline growth and long-term group diversification. His measured, forward-looking vision positions one of the country’s most storied corporate dynasties for its next era of sustainable expansion.