BIZ BUZZ: Crown jewel transfer: Kevin Tan now helms Megaworld

Next-generation tycoon Kevin Andrew Tan has taken over the reins of most of the key businesses founded by his father, Andrew Tan. Rising to the top of flagship Megaworld Corp. doesn’t come as a surprise.

After 35 years of service, Katherine Tan is retiring from Megaworld’s board of directors for “personal reasons.” The younger Tan has taken his seat at the table and was likewise appointed as executive director of the property firm. 

The 45-year-old executive, prior to this, was Megaworld executive vice president and chief strategy officer. He was also the senior vice president for the commercial division, which handles the mall business.

The appointment came just a few months after Kevin Tan has became director, president and chief operations officer of parent conglomerate Alliance Global Group. 

To recall, Tan family’s trusted business partner Kingson Sian had previously held these roles but they were vacated when he retired from Alliance Global subsidiary Travellers International Hotel Group, which operates Newport World Resorts. 

He also leads the group’s real estate investment trust, MREIT Inc.

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The younger Tan’s plate has definitely become fuller with these new roles as these companies continue to expand.

On top of these, the social media-savvy boss keeps his YouTube followers updated through his vlogs that talk about the progress and new ventures of the group.