Cebu Pacific and Jg Summit Holdings

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  • Topic: JG Summit Holdings, John Gokongwei, Cebu Pacific
  • Pages : 6 (2253 words )
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  • Published : January 17, 2011
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Alvin James John Agustin
BSBA – Marketing Management
Retail Management

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Name: John Gokongwei Jr.
Birthday: born August 11, 1926 in Gulangyu, Xiamen, Fujian Province, China Country: The Philippines
Biography: Announced at his 80th birthday celebration in August 2006 that he was giving half of his shares of the company—worth $200 million then—to the Gokongwei Brothers Foundation, which he chairs. That donation is the country's largest ever and is now funding the first batch of 34 Filipino postgraduates—gbf China Scholars—who are in Beijing for 14 months to study the country's language and culture. Age: 81

Top Attribute: Founder and chairman emeritus of conglomerate JG Summit Holdings. Background:
John L. Gokongwei Jr. serves as President of JG Summit Capital Markets Corp. Mr. Gokongwei served as Chairman and Chief Executive Officer of JG Summit Holdings, Inc. from 1990 to 2001, which he founded. Mr. Gokongwei founded Universal Robina Corp. in 1954. He served as Chief Executive Officer and President of Digital Telecommunications Phils Inc. for JG Summit Holdings Inc. He served as Chief Executive Officer of Universal Robina Corporation, Robinsons Land Corp., JG ... Summit since 2001. He was primarily responsible for the overall direction and development of JG Summit Group of Companies which he founded in the mid-fifties. He founded Robinsons Land Corp. in 1980 and has been its Chairman Emeritus since January 1, 2002. He has been Chairman Emeritus of Universal Robina Corp. since January 1, 2002. He has been Chairman Emeritus of JG Summit Holdings Inc., since January 1, 2002. He serves as the Chairman of Gokongwei Brothers Foundation, Inc. and Great Pacific Life Assurance Corporation. He served as Chairman of JG Summit and Universal Robina Corporation. He served as Chairman of the Board of Robinsons Land until December 31, 2001. He has been Deputy Chairman of United Industrial Corporation Limited since 1999 and Non-Executive Deputy Chairman of Singapore Land Ltd. since 1999. He has been a Director of Manila Midtown Hotels and Land Corporation since 1973, Gokongwei Brothers Foundation, Inc., since 1992, Cebu Air, Inc., since December 1995, Litton Mills, Inc., since 1978, Robinsons Land Corp., since 1980, Southern Negros Development Corporation since 1982, Universal Robina Sugar Milling Corporation since 1987, Robinsons Inc., since 1987, United Industrial Corporation Limited since July 27, 1999 and Singapore Land Ltd. since 1999. He has been a Director of A. Soriano Corp. since May 21, 1980, Digital Telecommunications Phils Inc., since May 1993, and JG Summit Petrochemical Corporation since 1994. He serves as a Director of Universal Robina Corp., JG Summit Holdings Inc., JG Summit Capital Markets Corporation of JG Summit Holdings Inc., PGPI, Oriental Petroleum and Minerals Corp., First Private Power Corporation and Bauang Private Power Corporation. He served as a Director of Philex Mining Corp. from 1993 to September 2008. Mr. Gokongwei received a Master's degree in Business Administration from the De La Salle University in the Philippines in 1977 and attended the Advanced Management Program at Harvard University, Boston, Massachusetts, USA from 1972 to 1973. John Gokongwei life story is another rags to riches success story of a true Filipino Taipan entrepreneur. His business empire company known as John Gokongwei Summit Holdings, Inc. or J.G. Summit Holdings, Inc. for short has been one of the most successful conglomerate in the Philippines today competing with more solid names such as SM Malls, PAL, and Ayala. It has business interests in branded consumer foods (Universal Robina Corp.), real estate property development (Robinson’s Land Corp.), air transportation (Cebu Pacific Air), banking and financial services (Robinson’s Bank), telecommunications (Sun Cellular and Digitel), petrochemicals (J.G. Summit Petrochemical Corp.), and United Industrial Corp. of Singapore. John...
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