During the July 21 board meeting of PAL, Vivienne Tan and John G. Tan informed their fellow directors of their “withdrawal” from nomination to the 2020-2021 board elections for “personal reasons.”
A nominee for independent director, Mark M. Chen, has likewise backed out of the nomination.
The withdrawals were made a day before PAL’s annual stockholders meeting on 23 July 2020.
The PAL board has endorsed Patrick L. Go as independent director in Chen’s place but no names have been floated for Vivienne or John’s
replacements.
Vivienne, who is executive vice president of PAL, is Tan’s daughter with his first wife, PAL director Carmen Tan. She was named PAL director only eight months ago.
John is Tan’s son from his second wife. John replaced his brother, Michael, in December 2019.
Aside from Tan and Carmen, the other members of the PAL board from 2019-2020 are Tan’s apo, Lucio “Hun Hun” C. Tan, son-in-law Joseph T. Chua, Johnip G. Cua, Gregorio T. Yu, and Ryuhei Maeda.
PAL lost P10.72B in the first quarter this year or more than the P10.62 billion in lost for the entire 2019.