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Bilyonaryo - Business

Millennial apos taking over: Lucio Tan appoints Edrick Luy as Macroasia president and COO, Kyle Tan as treasurer

  • October 11, 2021
  • Bilyonaryo.com

Bilyonaryo Lucio Tan is leaving the keys of his vast business empire in the hands of his millennial apos instead of his children.

Retirement daw: Marcoasia gives COO Joseph Chua graceful exit after father-in-law Lucio Tan throws him under the bus

The Macroasia board chaired by Tan announced the appointment of Eduardo Luis “Edrick” T. Luy as its new president and COO and Kyle Ellis C. Tan as its new treasurer starting October 8.

Luy will replace the disgraced son-in-law of Tan, Joseph Chua, who has been president of Macroasia since August 1997.

Millennials in charge: Brothers Hun Hun, Kyle Tan continue Tanduay’s hot streak in 2021

Luy, who raps and sells cool merchandise on the side, is the son of Tan’s daughter Irene and the late Enrique T. Luy, son of copra king Luy Kim Guan, who died three years ago.

Millennial apos taking over: Lucio Tan appoints Edrick Luy as Macroasia president and COO, Kyle Tan as treasurer

Kyle is the son of the late Bong Tan who was supposed to be the heir apparent of the Tan kingdom before he died of cardiac arrest at a basketball court in November 2019.

After jettisoning son-in-law Joseph Chua, Lucio looking for new PAL, MacroAsia director

He is an executive vice president of Tanduay Distillers which is led by his brother, Lucio “Hun Hun” Tan III.

Tan-Luy scion comes of age: Edrick Luy takes his seat in Macroasia, takes over Triton Securities

Luy has also been named a member of Macroasia’s risk management and investment committees. Kyle was named to the mining committee.

  • Related News Tags: children, Lucio Tan, MacroAsia, millennial apos
PrevPreviousRetirement daw: Macroasia gives COO Joseph Chua graceful exit after father-in-law Lucio Tan throws him under the bus
NextRicky Razon raises investment in Pakistan terminalNext

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Laglagan na! Investa claims it has nothing to do with co-founder JM Lapiña’s ‘ventures’ amid alleged investment scandal

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