SHOPPING Center Management Corp. (SCMC), SM Prime Holdings Inc.’s subsidiary managing SM Supermalls, appointed Steven Tan as its new president.
The Sy-led conglomerate made the announcement via a disclosure to the Philippine Stock Exchange on Tuesday.
“His new position underscores the rapid and dynamic changes in the Filipino consumers behavior. Mr. Tan’s focus on building meaningful shopping experiences consistently through his career prepares him for this next phase,” SM Prime President Jeffrey Lim said.
Prior to his promotion, Tan was the chief operating officer of SCMC.
He was also the head of operations for SM Supermalls in China and in the Philippines.
The new SM Supermalls chief also led the launch of SM Mall of Asia in 2006 and SM Aura Premier in 2013.
Tan completed his master’s degree in business administration from the Paris School of Management.
He started his career working in various hotel properties in Taipei, and Shanghai before venturing into marketing and communications.
SM Prime’s income in the first nine months in 2019 rose by 18 percent to P27.6 billion from P23.44 billion a year ago due to robust mall and residential segments.
Mall revenues inched up by 8 percent to P42.03 billion while residential revenues climbed by 26 percent to P31.92 billion as of end-September last year.
SM Prime shares dropped by 3.05 percent or P1.25 to end at P39.75 apiece on Tuesday.
https://www.manilatimes.net/2020/01/29/business/companies/sm-supermalls-names-tan-as-new-chief/678092/
The Sy-led conglomerate made the announcement via a disclosure to the Philippine Stock Exchange on Tuesday.
“His new position underscores the rapid and dynamic changes in the Filipino consumers behavior. Mr. Tan’s focus on building meaningful shopping experiences consistently through his career prepares him for this next phase,” SM Prime President Jeffrey Lim said.
Prior to his promotion, Tan was the chief operating officer of SCMC.
He was also the head of operations for SM Supermalls in China and in the Philippines.
The new SM Supermalls chief also led the launch of SM Mall of Asia in 2006 and SM Aura Premier in 2013.
Tan completed his master’s degree in business administration from the Paris School of Management.
He started his career working in various hotel properties in Taipei, and Shanghai before venturing into marketing and communications.
SM Prime’s income in the first nine months in 2019 rose by 18 percent to P27.6 billion from P23.44 billion a year ago due to robust mall and residential segments.
Mall revenues inched up by 8 percent to P42.03 billion while residential revenues climbed by 26 percent to P31.92 billion as of end-September last year.
SM Prime shares dropped by 3.05 percent or P1.25 to end at P39.75 apiece on Tuesday.
https://www.manilatimes.net/2020/01/29/business/companies/sm-supermalls-names-tan-as-new-chief/678092/
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