Board of Directors
MacroAsia

Chairman of the Board and Chief Executive Officer

Mr. Tan, 90, Filipino, has served as Chairman of the Board of Directors since July 2015 and as Chief Executive Officer since December 14, 2015. He is also the Chairman of Absolut Distillers, Inc., Alliedbankers Insurance Corporation, Allianz PNB Life Insurance, Air Philippines Corporation, Asia Brewery, Inc., Asian Alcohol Corporation, Basic Holdings Corporation, Buona Sorte Holdings, Inc., Eton Properties Philippines, Inc., Fortune Tobacco Corporation, Foremost Farms, Inc., Grandspan Development Corporation, Himmel Industries, Inc., LT Group, Inc., Philippine Airlines, Inc., PMFTC Inc., Progressive Farms, Inc., PAL Holdings, Inc., Tanduay Distillers, Inc., Tanduay Brands International, Inc., Tangent Holdings Corporation, The Charter House, Inc., Trustmark Holdings Corporation, University of the East, Zuma Holdings and Management Corporation. He is also the Chairman Emeritus of Philippine National Bank.

He holds a Bachelor of Science degree in Chemical Engineering from Far Eastern University. Dr. Lucio Tan holds a Doctor of Philosophy degree, Major in Commerce from the University of Santo Tomas in 2003 and is an awardee of several other honorary Doctorate degrees. He holds a Bachelor of Science degree in Chemical Engineering from Far Eastern University.

Director

Mrs. Tan, 84, Filipino, has served as a Director of the Corporation since July 2012. Aside from her membership in the Board of Directors of the Corporation, Ms. Tan is also the Vice Chairman of Philippine Airlines, Inc. and LT Group, Inc. She is also a Director of Air Philippines Corporation, Asia Brewery, Inc., Buona Sorte Holdings, Inc., Foremost Farms, Inc., Dynamic Holdings, Ltd, Eton City, Inc., Fortune Tobacco Corporation, Himmel Industries, Inc., PAL Holdings, Inc., PMFTC Inc., Progressive Farms, Inc., Tanduay Distillers, Inc., Manufacturing Services and Trade Corporation, Sipalay Trading Corporation, Saturn Holdings, Inc., Tangent Holdings Corporation, Trustmark Holdings Corporation and Zuma Holdings and Management Corporation. She is also a Member of the Board of Advisors of Philippine National Bank.

Mrs. Tan is a distinguished alumna of the Paco Chinese School and the University of the East, Manila.

Director

Mr. Tan, 32, Filipino, has served as Director of the Corporation since December 2019. He is the President and Chief Operating Officer of LT Group, Inc. and PAL Holdings, Inc. He is also the President of Dunman Holdings Corporation, Tanduay Distillers, Inc. and Tanduay Brands International, Inc. He also holds the position of Vice Chairman and President of Sabre Travel Network Phils. Inc. Mr. Tan is the Vice President of Dunmore Development Corporation. He is a Director of PMFTC, Inc., Philippine Airlines, Inc., Philippine National Bank, Ali-Eton Property Development Corp., Air Philippines Corporation, Allied Club, Inc., Allied Water Services Inc., Asia Brewery, Inc., Asia’s Emerging Dragon Corporation, Asian Cancer Center Inc., Belton Communities, Inc., Dominium Realty & Construction Corporation, Eton City, Inc., Eton Properties Philippines Inc.,

First Homes, Inc., Fortune Landequities and Resources Inc., Fortune Tobacco Corporation, Kaizer Chemical Industries, Inc., Lufthansa Technik Philippines, MacroAsia Airport Services Corp., MacroAsia Catering Services Inc., MacroAsia SATS Food Industries, MacroAsia SATS Inflight Services Corp., PNB Holdings Corporation, Prior Holdings Corp., Qualisure Holdings Inc., REM Development Corporation, Shareholdings, Inc., Silangan Holdings, Inc., Sipalay Trading Corporation, Trustmark Holdings Corporation, and Zuma Holdings and Management Corporation.

Mr. Tan possesses a strong background in engineering and technology, holding a Bachelor's degree in Electrical Engineering and a Master's degree in Computer Science from Stanford University. He was a software engineer at Lyft in the Bay Area before gradually transitioning into different business units within LTG and PHI. During his university days, he was honored with the Stanford University Frederick E. Terman Award, which is awarded to the top 5% of Stanford University engineering undergraduates.

President and Chief Operating Officer

Mr. Luy, 31, Filipino, President and Chief-Operating-Officer of the Corporation since October 8, 2021. He served as Director and Treasurer of the Corporation from December 12, 2019 to October 7, 2021. He is also the Chairman and President of the following corporations: MacroAsia Catering Services, Inc., MacroAsia SATS Food Industries Corporation, MacroAsia SATS Inflight Services Corporation, MacroAsia Airport Services Corporation, MacroAsia Properties Development Corporation, MacroAsia Air Taxi Services, Inc., MacroAsia Mining Corporation, MMC Management and Development Corporation, Bulawan Mining Corporation, Allied Water Services, Inc., Naic Water Supply Corporation, Aqualink Resources Development, Inc., Mabini Pangasinan Resources Development Corporation, Tera Information and Connectivity Solutions, Inc.; Chairman of the following corporations: First Aviation Academy, Inc., Water Business Solutions, Inc., Cavite Business Resources, Inc., SNV Resources Development Corporation, Boracay Tubi System, Inc., New Earth Water System, Inc., Monad Water and Sewerage Systems, Inc., AlliedKonsult Eco-Solutions Corporation, Cavite AlliedKonsult Service Corporation Summa Water Resources, Inc. and CS Water Lapu-Lapu, Inc.; and Director of Lufthansa Technik Philippines, Inc., since October 8, 2021 and Japan Airport Service Co., Ltd. since November 2021. He worked in Reyes Tacandong & Co. from 2015- 2018.

Mr. Luy holds a Master’s degree in Business Administration from Asian Institute of Management and a Bachelor of Science degree in Business Administration from the University of the Philippines- Diliman.

Director

Ms. Tan, 56, Filipino, has served as Director of the Corporation since July 2019. She also serves as a member of the Board of Directors of: Air Philippines Corporation, Eton Properties Philippines, Inc., LT Group, Inc. and Philippine National Bank. She is also a Member of the Board of Trustees of University of the East and University of the East Ramon Magsaysay Memorial Medical Center, Founding Chairperson of Entrepreneurs School of Asia and Founding Trustee of Philippine Center for Entrepreneurship (Go Negosyo).

Ms. Tan has a Bachelor of Science Double Degree in Mathematics and Computer Science from the University of San Francisco, USA. She also has a Post-Graduate Diploma in Fashion Design and Manufacturing Management from the Fashion Institute of Design and Merchandising in Los Angeles.

Independent Director

Mr. Yu, 66, Filipino, has served as Independent Director since May 15, 2025. He is currently the Lead Independent Director of AIA Philippines Life and General Insurance Company, Inc. He is also the Independent Director of Philippine Airlines, Inc., House of Investments, Inc., Filipino Fund, Inc., Alphaland Corporation, Unistar Credit and Finance Corporation, Vantage Equities, Inc. and Vantage Financial Corporation. He also serves as a Director of Philippine Bank of Communications, Inchcape Philippines,, Philequity Management, Inc., APO Agua Infrastructura, Inc., Nexus Technologies, Inc., Glyph Studios Inc., Glacier Megafridge, Inc., Prople BPO Inc., Wordtext Systems Inc. and Jupiter Systems, Inc.; and a Board Member of Manila Symphony Orchestra.

His past experiences include the following: Chairman of the Board of Auto Nation Group (General Philippine Distributor of Mercedes-Benz, Chrysler, Jeep, Dodge, Ram) and CATS Automobile Corporation; Chairman of CATS Motors Inc.; Vice Chairman of the Board of Sterling Bank of Asia; Vice Chairman of APC Group, Inc., Philippine Global Communications, Inc., Director of American Motorcycles, Inc., CATS Asian Cars, Inc. (Mazda Greenhills), PAL Holdings Inc., EEI Corporation, Philippine National Reinsurance Corporation, DITO CME Holdings Corporation, Iremit, Inc., Yehey, Inc., Filcredit Finance, i- Ripple, The International Exchange Bank, Philequity Fund, Inc., Cebu Holdings Inc., Chase Manhattan Asia Limited, Hong Kong; President and CEO of Belle Corporation, Pacific Online Systems Corporation, Sinophil Corporation, President of The Country Club at Tagaytay Highlands, Tagaytay Highlands International Golf Club, Tagaytay Midlands Golf Club; Chairman and Trustee of Xavier School Educational and Trust Fund, Inc.; Trustee of Government Service Insurance System, Xavier School, Inc.; and Board Member of Ballet Philippines.

Mr. Yu is a holder of Master of Business Administration from The Wharton School, University of Pennsylvania where he was in the Director’s Honor List and Bachelor of Arts (Honors Program) in Economics (Summa Cum Laude) from De La Salle University where he was a member of the Jose Rizal Honor’s Society.

Director and Treasurer

Mr. Tan, 28 Filipino, has served as Treasurer and Director of the Corporation since October 8, 2021. He is the President and Executive Director of Eton Properties Philippines, Inc. Mr. Tan is also the President at Landcom Realty Corporation, Chief Operating Officer and Executive Vice President of Tanduay Distillers Inc. He currently serves as Director and COO at Himmel Industries, Inc. and Manufacturing Services & Trade Corporation. He also holds the position of Vice Chairman and Director of Pan Asia Securities Corporation and Vice President of Kilter Realty & Development Corporation. Mr. Tan is also a Director of several companies including Tera Information and Connectivity Solutions, Inc., Victorias Milling Company Inc., PNB Global Remittance and Financial Co. (HK) Ltd, Grandspan Development Corporation, Allied Club, Inc., Maranaw Hotels & Resort Corporation and Asia’s Emerging Dragon Corporation. He is also a Board Advisor of Philippine Airline. Prior to joining the Lucio Tan Group, he was a full-time software engineer at Microsoft.

He graduated Magna Cum Laude with a Bachelor’s degree in Computer Engineering from the University of Southern California, where he also finished his Master’s degree in Computer Science.

Director

Mr. Cua, 68, Filipino, has served as Director of the Corporation since 2006. He was formerly the President of Procter & Gamble Philippines Inc. (1995-2006). He currently serves as the Chairman of the Board of the P&Gers Fund Inc. (since 2009) and Xavier School, Inc. (since 2012), and the Chairman & President of Taibrews Corporation (since 2011). Additionally, he serves as a member of the Board of Trustees of Xavier School Educational & Trust Fund (since 1996) and MGCC Foundation (since 2015).

Mr. Cua is an Independent Director of the following corporations: Philippine Airlines Inc. (since 2014), PAL Holdings Inc. (since 2014), Century Pacific Food Inc. (since 2014), LT Group Inc. (since 2018), Tanduay Distillers Inc. (since 2018), Asia Brewery Inc. (since 2018), MacroAsia Catering Services, Inc. (since 2007), MacroAsia Airport Services Corp. (since 2007), MacroAsia Properties Development Inc. (since 2013), PhilPlans First Inc. (since 2009 ), and First Aviation Academy Inc. (since 2017).

Mr. Cua is also a member of the Board of Directors of the following corporations: Allied Botanical Corporation (since 2012), Alpha Alleanza Manufacturing Inc. (since 2008), Bakerson Corporation (since 2002), Interbake Marketing Corporation (since 1991), Lartizan Corporation (since 2007), Teambake Marketing Corporation (since 1994), and Zenori Corporation (since 2018).

Mr. Cua holds a Bachelor of Science degree in Chemical Engineering from the University of the Philippines.

Lead Independent Director

Mr. Dizon, 64, Filipino, has served as Lead Independent Director since May 9, 2024. He also serves as Independent Director of PAL Holdings, Inc., DigiPlus Interactive Corp., Filinvest REIT Corp., MegaLink, Inc., Philippine School of Business Administration, Philippine Dealing System Holdings Corp., Philippine Dealing & Exchange Corp., Philippine Depository & Trust Corp., and PCD Nominee Corporation, and Senior Consultant of Monde Nissin Corporation. He was a former senior partner of SGV & Co. and has more than 40 years of professional experience in advisory and assurance services. He is a member of the Management, Leadership, Appointment and Executive Committees of SGV & Co. He held leadership positions in SGV/EY, as Head of Transaction Advisory Services; Risk Advisory Services; Market Group and Head of Training & Methodology. He led the Firm’s programs and various initiatives related to service quality and productivity/efficiency. He also spearheaded SGV’s first ISO 9001 Certification for the Audit Division. He worked in the Chicago office of an international accounting firm and with its Center for Professional Education.

Mr. Dizon holds a Bachelor’s degree in Commerce major in Accounting (Cum Laude) from Polytechnic University of the Philippines (1980). He holds a Master in Business Management from Asian Institute of Management (Manila, 1988). He also completed the Advanced Management Program, Harvard Business School (Boston, 2011), Strategic Business Leadership Programme of INSEAD (Singapore, 2008), and Journey to the Boardroom Program Harvard Business Publishing Corporate Learning (2019). He is an Asean CPA, Member of the Philippine Institute of Certified Public Accountants (since 1981) and Member of the Management Association of the Philippines, and the Harvard Business School Club of the Philippines.

Independent Director

Mr. Guinigundo, 70, Filipino, has served as Independent Director since May 9, 2024. He is a former Deputy Governor of the Bangko Sentral ng Pilipinas (BSP) and served the BSP for 41 years, handling monetary policy, treasury operations, loans and credit, asset management, currency management, regional operations and international operations. As BSP deputy governor, he chaired the BSP’s Monetary Policy Strategy Committee. He was vice-chairman of the BSP’s Investment Management Committee and its Provident Fund. He also represented the central bank in cabinet-level NEDA Board, National Food Authority, Development Budget Coordination Committee, Economic Cluster, and Trade and Related Matters. He served as Alternate Executive Director at the International Monetary Fund in Washington, DC from 2001-2003. Earlier, he was Head of Research at The SEACEN (Southeast Asian Central Banks) Research and Training Centre in Kuala Lumpur from 1992-1994.

He writes weekly columns for the Manila Bulletin and BusinessWorld. He is a member of the Advisory Panel of the Sim Kee Boon Institute for Financial Economics of Singapore Management University. He is also a member of the Board of Advisors of the International Care Ministries. An external advisor to Bain & Company, he is also an Independent Director of the AIA Philippines Investment Management and Trust Corporation where he chairs the Board’s Governance Committee. He chaired the Advisory Panel of the ASEAN + 3 Macroeconomic Research Office based in Singapore for 2023-2024. Since October 2023, he has been the principal advisor of New York- based GlobalSource Partners for the Philippines.

Mr. Guinigundo graduated at the top of his AB class, cum laude, at the University of the Philippines School of Economics. He earned his M.Sc. in Economics at the London School of Economics as a scholar of the then Central Bank of the Philippines. He holds an honorary Doctor of Divinity (DD) degree from the Promise Christian University in Los Angeles, California. He taught economics at the University of the Philippines Manila and St. Scholastica’s College.

Independent Director

Ms. Tan, 64, Filipino, has served as Independent Director since July 10, 2025. She is a veteran business leader with over four decades of executive experience in the Philippine Fast Moving Consumer Goods (FMCG), logistics, wholesale and retail sectors. As President of Suy Sing Commercial Corporation, the country’s leading FMCG wholesaler, she led its transformation from a regional operator into a nationwide enterprise with 14 distribution centers serving over 25,000 independent retailers/ grocers across Luzon, Visayas, and Mindanao. With the firm belief that small and medium entrepreneurs support the country’s economic development, Suy Sing has developed retail and other programs to champion their growth and help them scale.

She spearheaded Suy Sing’s digital transformation, modernizing operations and investing in technology platforms that improved supply chain efficiency, customer engagement, and data-driven decision-making. She is also the founder and President of Easy Day Shop, a chain of neighborhood groceries showcasing vertical integration in retail and consumer access, now with 16 stores and two franchises.

Ms. Tan holds board and committee positions in: Director, Regatta Holdings Inc., Director, Thames International School Inc., Director, Solar Village Foundation, Committee Member, Women in C-Suites – Makati Business Club (MBC), and Member, Management Association of the Philippines (MAP) .

She is an active member of the Young Presidents’ Organization (YPO ). She has held regional and national leadership roles and now serves as Athena Champion, promoting women membership for the Philippine chapter. She advocates life-long learning by enrolling in various executive programs in AIM and Stanford. She earned her degree in ABInterdisciplinary Studies from Ateneo de Manila University and is married to education entrepreneur Joel Santos. They have a twenty-one year old daughter. She enjoys golf, pickleball, and travel.