LUCIO Tan has been appointed as chairman emeritus of Philippine National Bank (PNB), while his wife and bank’s board director Carmen K. Tan will join the lender’s advisory board.
“The board of directors and the management of PNB extend their heartfelt appreciation to Dr. Tan for his exemplary stewardship spanning over two decades,” a statement issued by the PNB read.
During his tenure, Tan supervised the successful completion of the PNB-Allied Bank merger in 2013, a milestone that elevated PNB to its current status as one of the country’s premier privately-owned commercial banks.
“Driven by his visionary leadership, PNB expanded its global footprint, catering to the financial needs of millions of Filipinos overseas,” the bank said.
