After a year-long leadership transition period, Lucio Tan III has officially taken over as president of the Lucio Tan Group. During the transition, he shared decision-making responsibilities for business and operational matters with his uncle, Michael Tan, who had been president of LTG since 2010. Tan III is also president and COO at TDI since 2019, and vice president at PAL Holdings, Inc. since 2021.

In his President's Report, on the other hand, outgoing president Michael Tan shared that LTG has been through ups and downs since its Initial Public Offering in 2013.