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Mr. Lance Y. Gokongwei Jr.

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Universal Robina Corporation

40F Robinsons Equitable Tower No 4 ADB Corner Poveda Street

Pasig,

Philippines

Find other employees at this company (1,229)

Background Information

Employment History

President and Chief Executive Officer

Cebu Pacific Air

President

JG Summit Petrochemical Corporation

Affiliations

Member
Member-Non-Executive

Trustee, Secretary Treasurer
Gokongwei Brothers Foundation , Inc.

Member
Young Presidents' Organization Inc

Trustee, Secretary Treasurer
GBFI Ltd

Education

BS

Applied Sciences

Pennsylvania Engineering School

BS

Finance

Wharton School

Bachelor of Science

Applied Science

University of Pennsylvania

degree in BS

Finance

Wharton School

double degree

business administration and engineering

University of Pennsylvania

double degrees in Bachelor of Science

Applied Science

Pennsylvania Engineering School

twin degrees

business administration and engineering

University of Pennsylvania

Web References (121 Total References)


Lance Gokongwei (President & ...

robinaagripartners.com [cached]

Lance Gokongwei (President & CEO, URC)

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Lance Y. Gokongwei President & CEO Universal Robina Corporation
Terms of Use • Privacy Statement • Contact • Robina Agri Partners Copyright 2016. Web Development by Intuitiv Solutions. All rights reserved.


Lance Gokongwei (President & ...

www.robinaagripartners.com [cached]

Lance Gokongwei (President & CEO, URC)

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Lance Y. Gokongwei President & CEO Universal Robina Corporation
Terms of Use • Privacy Policy • Contact • Robina Agri Partners Copyright 2016. Web Development by Intuitiv Solutions. All rights reserved.


Lance Gokongwei, president ...

asia.nikkei.com [cached]

Lance Gokongwei, president and chief operating officer of JG Summit

MANILA -- Long before the drums heralding the 2015 start of the ASEAN Economic Community grew loud, JG Summit Holdings of the Philippines had begun laying the groundwork for a regionwide expansion drive.
On Jan. 6, Lance Gokongwei, chief executive of Cebu Air, one of JG Summit's core units, revealed new plans to expand throughout Southeast Asia. He told the Nikkei Asian Review that Cebu Air, one of the region's largest low-cost carriers, is planning to add flights to Singapore, Bangkok and Hong Kong from secondary Philippine hubs like Caticlan and Iloilo, in the central part of the archipelago; Davao, in the south; and Clark, north of Manila.
...
The orchestrator of this regional expansion is Gokongwei, the only son of John Gokongwei, founder and chairman emeritus of the JG Summit group.
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Lance Gokongwei, 49, is expected to take over the business group after his uncle, James Go, 76, chairman and chief executive of JG Summit, retires.
It was late October when the Philippine business community realized a succession plan is in progress. The elder Gokongwei sold 475 million JG Summit shares to family members. Lance got 165 million, bringing his direct JG Summit shareholdings to 7.6%, while his older sister, Robina Gokongwei-Pe, 54, received some 105 million shares, giving her a direct stake of 2.5%.
...
Lance Gokongwei, currently JG Summit's president and chief operating officer, is prepared.
"I've been working for the company for the past 25 years -- from the smallest [job] to the COO job," he said in 2013. "I have gone through many experiences, and all these have helped me become a better manager."
Although younger than many Filipino CEOs, he is revered in local business circles.
...
Lance Gokongwei was enjoying a rather relaxed life in Manila until the abduction of Robina in the early 1980s forced his father to send him to Singapore to finish high school. Robina was rescued after a week in captivity and was later on dispatched to New York to continue her collegiate studies.
"At 15, too young and perhaps too self-centered to fully comprehend the wisdom behind my parents' decision, I was upset about being uprooted from my comfortable high school existence," he said in March 2007, speaking in front of the graduating students of Silliman University here.
Gokongwei considers a good education one of the biggest advantages of coming from a wealthy family. He himself studied at the University of Pennsylvania. A self-confessed nerd, he eventually finished a double degree in Finance and Applied Science, summa cum laude.
"My six years studying abroad enabled me to appreciate and respect other people's points of view, which is a critical skill as an entrepreneur operating in a more global economy," he said in 2007. "Most importantly, I developed the self-assurance that as an individual, and a Filipino, I could make a success out of myself because of my own efforts, and not because of what I was given on a silver platter by my parents."
Right after college, in 1988, he joined one of the family's businesses, Universal Robina, which his father was still actively managing.
...
Lance has said he wants to build on what his father has achieved.
Indeed, when he became a general manager of Universal Robina's branded food business in late 1990s, he led the development of beverages that would complement the company's snack portfolio. Some products failed, but in 2004 he nailed it with one. C2, a ready-to-drink tea, was launched and became a hit, challenging foreign cola companies dominating the Philippine beverage sector.
In 2012, Gokongwei became chief executive of Universal Robina. Ever since, he has been determined to further expand the business throughout Asia. Last year, he opened the company's first factory in Myanmar, which produced wafers.
...
Gokongwei has also steered Universal Robina into partnerships as a way to get into the premium market. In 2014, he entered into two joint ventures -- one with Japan's Calbee for premium potato chips and another with France's Danone for healthy beverage products. He also snapped up New Zealand-based cookie maker Griffin's Foods for NZ$700 million ($609 million at that time). The deal instantly gave Universal Robina a presence in the South Pacific.
Gokongwei said the Philippines market has received the new products well. "We do believe that the strategy is correct, that we have to focus on premiumization," he said, pointing out that Southeast Asia's middle classes will continue to expand.
In the first nine months of its current fiscal year, Universal Robina's net sales rose 18% to 81.9 billion pesos, while net income grew 12% to 9.6 billion pesos, making it the biggest business in the JG Summit group.
Gokongwei has also been overseeing Cebu Pacific since it began flying in 1996.
...
Gokongwei said his company will not be complacent.
"We plan to execute defensive strategies to protect our market share against the aggressive moves of our competitors," Gokongwei told analysts during the company's most recent earnings call, in August.
Despite the headwinds, the regional focus remains intact. "We are firm [in the] belief that, for many reasons, Asia will continue to grow faster than the developed countries," he told the Nikkei Asian Review in 2014. "We are fortunate that we are concentrated in this area."
As a leader wearing several hats, Gokongwei told Nikkei Asian Review on Jan. 6 that growing one business would not be at the expense of another to beef up JG Summit's existence as a regional player.


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Robinsons Properties

www.robinsonslandproperties.com [cached]

Lance Y. Gokongwei

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Lance Y. Gokongwei President and Chief Operating Officer
...
Lance Y. Gokongwei
Lance Y. Gokongwei is the President and Chief Operating Officer of JGSHI. He had been Executive Vice President of JGSHI and was elected President and Chief Operating Officer effective January 1, 2002. He is also President and Chief Operating Officer of URC, and JGSPC. He is the Vice-Chairman and Deputy Chief Executive Officer of RLC and LMI. He is the President and Chief Executive Officer of Cebu Air, Inc. and DIGITEL, Chairman of Robinsons Savings Bank (RSB), President of Digital Information Technology Services, Inc. (DITSI), Vice Chairman of JGSCMC, and a director of OPMC, UIC and Singland. He is a trustee, secretary and treasurer of GBFI. He received a Bachelor of Science in Economics and a Bachelor of Science in Applied Science from the University of Pennsylvania.

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