“He taught us that diversification is important, and that competition and the ability to confront change are what make a business continue to grow over a long period of time. I was even a member of our company basketball team but I was so bad that they never let me play on the court unless the other team was so far ahead that it didn’t matter anymore,” he added in jest. Lance Gokongwei, president and chief executive of Cebu Pacific, leans on lessons he learned from his late father as he leads the airline in navigating through turbulent skies. Hannah is heading for college, while Jacob is attending high school. LANCE GOKONGWEI AS A DAD. I was paid P2,000 a month. “Dad always tells me that I am a steward of the business. Lance Gokongwei, CEO of JG Summit, focuses resources on businesses where he can be the "natural owner. He was married to Elizabeth Yu (1934-2019) and had six children (1 son and 5 daughters) - Lisa, Robina, Lance, Faith, Hope and Marcia. In this eulogy by his son Lance, his successor, the late industrialist is painted as the “common Juan.” ANCX | Nov 15 2019 Lance Gokongwei, only son of the departed industrialist John Gokongwei, delivered the final eulogy for his father. John Gokongwei, Jr. believes there is dignity in being hands-on with work. So who will Lance be? In many ways, the stakes are higher,” she said. To achieve greater heights, that is the vision. Details of his wake to follow. 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Another is the debut of Lance Gokongwei—the son of the late John and Elizabeth Gokongwei—to the billionaire's list together with his siblings. That meant he didn’t have to pay for his half of the calesa ride, right?" His eldest daughter, Robina Y. Gokongwei-Pe, heads the operations of Robinsons Retail Holdings, Inc (it owns Robinsons Malls) as the company's COO since 2002. ) - November 26, 2020 - 12:00am When the late tycoon John Gokongwei Jr. decided to launch in 1996 a no-frills budget airline to enable more Filipinos to travel, he asked his only son Lance, … THROWBACK: Bayanihan Nauwi sa Suntukan | Kuha Mo! Philippine Daily Inquirer/ 12:15 AM January 22, 2017 A young John Gokongwei Jr. with his only son, Lance. In a text message sent to PEP.ph (Philippine Entertainment Portal), his son Lance Gokongwei said: "Our beloved husband, father and grandfather John Gokongwei, Jr. passed away peacefully 11:41 p.m., November 9th, at the Manila Doctor's Hospital surrounded by his loved ones. After he graduated summa cum laude from the University of Pennsylvania, he was raring to work. "I accept it humbly, gratefully, with open hands, heart, and mind. On most days, his shirt pockets were filled with peanuts. 0:37. 2:09. The late John Gokongwei, Jr. with Cebu Pacific president & CEO Lance Gokongwei. When John Gokongwei Jr., the founder and chairman emeritus of JG Summit Holdings, passed away peacefully at the age of 93, it was a great loss not only to his family—his wife Elizabeth, children Robina, Lance, Lisa, Faith, Hope, and Marcia—but also for the employees in the conglomerate’s various companies and the countless Filipinos whose lives have been influenced and shaped by Mr. … Dad let me use an old car, a Datsun with a broken air-conditioner. The new CEO proves he’s not just the son of the boss. In one of their many trips, Lance said he endured the stench from the blue cheese that his father kept in his pants while shuttling between business meetings, just so they could save on lunch money. That’s why we set up Cebu Pacific, a low-cost carrier, because we’re all used to riding economy," he said. His only son, Lance, 53, became CEO of the family’s flagship JG Summit Holdings last year. Sy, Villar, Ayala, Tan (Andrew and Lucio), Razon, and Gokongwei are families who all figure prominently in the upper echelons of the very exclusive list, and are, by Forbes ’ metrics, the Philippines’ wealthiest. Gokongwei, together with his wife Elizabeth, passed away last November 2019. "From producing snacks like Chippy that are part of every Filipino’s childhood memories, to Robinsons Malls with affordable necessities, to Sun Cellular that had cheaper rates than the competition, to Cebu Pacific, the budget airline, so that every Juan can fly," Lance said. The new CEO proves he’s not just the son of the boss. After his grandfather died, Lance said their father lived with distant relatives. This feature story was originally titled as The Man with a Golden Heart, published in the August 2007 issue of Tatler Philippines, at the time when the subject was still alive and about to have his 81st birthday.Mr. Father and son also shared hotel rooms. GOKONGWEI’S LAST CONVERSATION WITH ELDEST GRANDSON The eldest grandson of John L. Gokongwei, Jr. and son of Robinsons Retail Holdings president Robina … MANILA -- The late industrialist John Gokongwei always flew economy, until he got too big for budget airline seats, said his only son, Lance Gokongwei, paying tribute to the billionaire who remained a "common man.". Lance said he once slept in the bathtub to escape his father's loud snoring. This respected leader accomplished goals by following his own path. Scooping ice cream and making waffle cones at a Tivoli kiosk were some of her tasks. by JG Summit Team | May 31, 2018. This story was copied as is, changes were made only on the lead paragraph above. Just Ask CEO Lance Gokongwei. MANILA -- The late industrialist John Gokongwei always flew economy, until he got too big for budget airline seats, said his only son, Lance Gokongwei, paying tribute to the billionaire who remained a "common man." Related topic. 6,866 talking about this. He was 93. 0:43. Entrepreneur and industrialist, businessman, and philanthropist John L. Gokongwei Jr. has passed away.He was 93 years old. I may have been the son of the boss, but I worked harder than anybody else to prove that I wasn’t just the son of the boss,” he said. He’s the son of the boss, sure, but Lance can hold his own. His only son, Lance Gokongwei, currently leads the group as President and CEO of JG Summit. I may have been the son of the boss, but I worked harder than anybody else to prove that I wasn’t just the son of the boss,” he said. Born John Lance Yu Gokongwei, Jr. on November 23, 1966, to businessman John Gokongwei, Jr., and wife Mary Yu Gokongwei, he was the second child and the only son with five sisters: Lisa, Robina, Faith, Hope, and Marcia. Two of his five daughters – Robina and Lisa – are also active in the business. And Lance learned every lesson well. Lucia Realty. "That’s how Dad would’ve wanted it. "It entails quick decisions, leaving at the right time, and as to how he puts it, not falling in love. With the help of his wife, Jay Leong-Gokongwei, whom he described as the " gold standard " in parenting, the only son of the late industrialist John Gokongwei Jr. said their two children are raised to … Suspek na nagtago ng 12 taon dahil sa panggagahasa ng bata, arestado, Dalagitang dinukot habang nagja-jogging, nasagip sa Davao del Norte, 4 menor de edad, nalunod sa ilog sa Bataan, Assistant principal na miyembro umano ng komunistang grupo, timbog sa Butuan, Together at relief mission, Julia tells Gerald: ‘Thank you for sharing your world with me’, Cynthia Erivo turns into 'Queen of Soul' Aretha Franklin for new show, Rep. Martin Romualdez tests positive for COVID-19. It is about grit and resilience, and being able to bounce back from your lowest moment,” he added. “He was in the United States at that time and read about a low-cost carrier called Southwest . “Our parents never gave us cash for Christmas or our birthdays,” Lance said. However, Gokongwei exited the league in 1993, selling the franchise to Sta. Lance also showed that he’s a good team player—to some extent. Gokongwei's only son, Lance, is its chief executive officer. "Dad also always flew economy, until he got too big to fit in the seats. That decision will dictate the rest of your life, whether you will have a happy life or a miserable one,” billionaire taipan John Gokongwei, Jr., then already second richest man in the Philippines, told his only son and successor-apparent Lance, when young Lance was just was starting to look at girls — or rather, when girls were starting to look at extremely good-looking Lance. JGDEV acquires a stake in Tyme, one of the world’s fastest-growing digital banks, The move is seen to empower employees and future-proof business operations, The Boston Consulting Group interviews the president & CEO of JG Summit, With a new data analysis tool, retailers can improve prices, offers, and assortment, John Gokongwei, Jr. believes there is dignity in being hands-on with work. Lance Y. Gokongwei, Gokongwei Jr.'s only son, and President and CEO of JG Summit, wrote the secrets to his father's success in the book, "Lessons from Dad, John Gokongwei, Jr.," As the chief executive officer, he now stands to lead one of the biggest conglomerates in the country. Lance said he promised his father that he would take care of his family and the business that the patriarch left behind. "Till today, I think Dad was most successful with businesses that catered to the every man, the common man, because that’s who he was himself," Lance said in his eulogy published in full on Esquire Philippines' website. Robinsons Malls is one of the largest shopping malls and retail operators in the Philippines. “I never pulled rank on anyone. (File photo from Dad lessons from Eddie Garcia, Nards Jimenez & John Gokongwei.) His father is a “fearless” entrepreneur who was not afraid to be the David that challenged the Goliaths in the country’s business sector. The son of the late John Gokongwei Jr. and late Elizabeth Yu Gokongwei, Lance said having their surname, despite the good life it has brought, can also be burdensome. His JG Summit Holdings controls the Philippines' largest airline, Cebu Pacific, Robinsons Malls, Robinsons Land, Universal Robina Corp and Summit Publishing. Lance has two kids, Hannah and Jacob. Traveling from England to the US, Lance said his father once chose a flight with a stopover in Germany instead of a direct flight to save cash. He’s the second richest man in the country but acknowledges one has to be a team player to get to the top. Smart Parenting. He began by thanking everyone who showed up at Heritage Park since Day 1 of his old man’s wake. Also by the second quarter of 2020, the Philippine economy suffered a major setback with 16.5 per cent drop in GDP. Throughout the wake this week, Lance said he and his sisters still had business meetings in the morning as a tribute to their father. In the end, it’s not about the connections of ‘who-you-know.’ It’s about what you know and how well you operate the business. Like her sister, Lance referenced their father's line: "If you don’t work, you don’t eat.". Our going to work is a tribute to Dad, who always believed in the dignity of work," he said. "Dad was an every Juan, a simple man who wore ill-fitting clothes, whose ties were almost always stained, who loved to stay home and read his piles of books.," he said. And I am running with it," he said. Even his sister Lisa acknowledged this. Organizational Structure and Conglomerate Map, A Matter of Tyme: JG Summit Invests in Fintech with an Eye on Emerging Markets, JG Summit Taps Darwinbox to Bring Its HR Operations into the Digital Age, Leadership Insights from Lance Y. Gokongwei in BCG’s Asia Leaders Speak Series, DAVI & NielsenIQ Offer the Next Step to a Better Shopping Experience, Building the Nation’s Resilience, One Community at a Time, Robinsons Malls Hosts 20 Sites for PRC’s Drive-Through Saliva Testing, How Data Analytics & Tech Collabs Are Changing the Loyalty Game, Cebu Pacific Marks 25 Years of Making Moments Happen. AboutCareersPrivacyTermsContact UsAdvertise With Us, Gokongwei a 'common man' who flew economy, kept nuts in pocket, son Lance says.