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Companies

Philippine conglomerate JG Summit names new CEO

Leadership kept in the family at country's No. 3 business group

A Robinsons Galleria shopping mall in Manila. A leadership succession is taking place at parent company JG Summit. (Photo by Masayuki Kozono)

MANILA -- JG Summit Holdings, the Philippines' third-largest conglomerate, has tapped Lance Gokongwei to become chief executive, taking the helm of a company founded by his father.

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