June 19, 2019
A DAY after it was first reported, flag carrier Philippines Airlines (PAL) confirmed on Tuesday that its President and Chief Operating Officer Jaime J. Bautista was retiring and that Executive Vice President Vivienne K. Tan would replace him as officer in charge.
In a statement, the listed airline said its Chairman and Chief Executive Officer Lucio C. Tan, as well as members of the board of directors, have accepted Bautista’s decision to leave the firm to spend more time with his family.
It assured “its customers, business partners and employees that it’s ‘business as usual’ for the flag carrier. All flights and services are proceeding as scheduled.”
“As this is the beginning of JJB’s retirement life with his family, let it also be the beginning of even greater dreams for PAL and all PALers….” Tan, a daughter of the airline and tobacco tycoon, was quoted as saying in the statement.
“On behalf of my father, I am asking all of you to continue working toward our goals. I am personally committed to working with all of you hand in hand and build on what we have already accomplished,” she added.
The younger Tan boasts of more than 25 years of professional experience in education, airline and propoerty development.
She received her double degree in mathematics and computer science from the University of San Francisco and earned a postgraduate diploma in Fashion Design and Manufacturing Management from the Fashion Institute of Design and Merchandising in Los Angeles.
Shares of PAL operator PAL Holdings Inc. Rose by 6 centavos or 0.65 percent to finish at P9.30 apiece on Tuesday.
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