Kevin Tan appointed as Megaworld executive director

Kevin Andrew Tan was appointed as member of the Board and executive director of listed property developer Megaworld Corp. on Monday, succeeding his mother Katherine Tan who relinquished her position.

In a regulatory filing, Megaworld said the appointment took effect on Monday, October 7, upon the recommendation of the Corporate Governance Committee.

Prior to his appointment, the younger Tan served as the executive vice president and chief strategy officer. He was also senior vice president for the commercial division which operates the Megaworld Lifestyle Malls.

He is also the vice-chairman, president, and chief executive officer of Alliance Global Group Inc.; the director, president, and chief executive officer of MREIT Inc.; the chairman of the Board of Directors of Travellers International Hotel Group Inc.; and chairman and president of Alliance Global-Infracorp Development Inc.

Megaworld ended the first half of the year with a P9.81-billion net income, as consolidated revenues hit P39.10 billion.

The company earlier said it is set to spend P12 billion for an “active wellness township” in Batangas, in partnership with the owner and operator of The Farm at San Benito to mark its 33rd township development in the country.

Megaworld’s subsidiaries include the Richmonde Hotel Group International Limited, Eastwood Cyber One Corp., Empire East Holdings Inc., Global-Estate Resorts Inc., and Bonifacio West Development Corp. — RSJ, GMA Integrated News