Tan, the son of billionaire and AGI founder and chair Andrew Tan, was appointed by the board of directors during a special meeting on Monday.
The younger Tan is also the CEO and vice chair of the listed holding company, whose sprawling portfolio spans property, liquor, casinos, and fast food.
Based on a regulatory filing, he replaced longtime executive Kingson Sian, who retired from AGI on Monday and Megaworld Corp., and Travellers International Hotel Group on Saturday.
The younger Tan became the youngest CEO of a conglomerate when he took the helm of AGI in 2018 at the age of 38.
AGI earlier announced historic high profits of P19.6 billion in 2023 as revenues jumped 15 percent to over P211 billion.
AGI’s portfolio includes Megaworld Corp., Emperador Inc., Travellers International Hotel Group, and McDonald’s Philippines.
Miguel R. Camus has been a reporter covering various domestic business topics since 2009.
