July 19, 2019 at 07:35 pm
Jenniffer B. Austria
House of Investments Inc., the listed holding company of the Yuchengco Group of Companies, appointed Lorenzo Tan as its new president and chief executive. Tan will replace Medel Nera.
HI said in a disclosure to the stock exchange the company officially announced the appointment of Tan after the annual stockholders’ meeting held Friday.
“Mr. Lorenzo V. Tan officially assumed the position on July 19, 2019. He now carries on the task of continuing to steer House of Investment Inc. forward, honoring the legacy of the company’s outgoing President Mr. Medel T. Nera,” HI said.
“With Mr. Lorenzo V. Tan at its helm, House of Investments Inc. is taking confident strides as the decade turns, reaffirming its position as an industry leader,” the company said.
HI operates as an investment holding and management company with a diversified portfolio and is one of the four major flagship corporations of the Yuchengco Group.