Ramon Ang Hands Petron Leadership to Eldest Son

Ramon Ang hands Petron leadership to eldest son

The billionaire is now the group’s chair and chief executive officer, vacating the presidency he held since February 2015.

RSA passes Petron presidency to son, John Paul Ang

Petron Corp., the Philippines’ only remaining oil refiner, appointed John Paul Ang as its new president on Thursday, a leadership transition for the energy giant as it navigates a sharp decline in quarterly earnings and persistent global market volatility.The younger Ang, the son of billionaire tycoon Ramon S. Ang, assumed the presidency during the company’s annual stockholders’ meeting on Thursday, May 7. While the senior Ang is relinquishing t…