Tony Tan Caktiong

Tony Tan Caktiong is the founder and current Chairman and CEO of Philippine fast food chain Jollibee. He graduated from the University of Santo Tomas with a degree in chemical engineering. Caktiong had initially planned an ice cream parlor when he founded Jollibee, then subsequently added additional dishes such as hamburgers, french fries, and fried chicken.

Caktiong, on July 8, 2008 was elected board director of Philippine Long Distance Telephone Co. (PLDT)'s 11-member board replacing Ma. Lourdes Rausa-Chan. He is also an independent director of First Gen Corp. [ [http://www.gmanews.tv/story/105769/Jollibee-founder-Caktiong-elected-as-PLDT-board-director gmanews.tv, Jollibee founder Caktiong elected as PLDT board director] ] Also, Caktiong top billed the World Intellectual Property Organization (WIPO) video documentaries [http://www.wipo.int/multimedia/en/public_outreach/webcast/portraits/index.html] . The WIPO webcast page featured personalities chosen from the 184 member states. [ [http://www.ag-ip-news.com/GetArticle.asp?Art_ID=5966&lang=en ag-ip-news.com, Filipino Scientist, Jollibee Founder in International Video Documentary] ]

Awards

*"Entrepreneur Of The Year Philippines", 2004 [ [http://www.ey.com/GLOBAL/content.nsf/Philippines/Entrepreneur_Of_The_Year_Award Food industry giant founder is Philippines' first Entrepreneur Of The Year] ]
*Ernst and Young Entrepreneur of the Year World, 2004

Jollibee

Caktiong founded the fast food chain Jollibee in 1978, after having started it as an ice cream parlor in 1975.cite book |last=Go |first=Josiah |authorlink= |coauthors= |title=Fundamentals of Marketing: In The Philippine Setting |year=2001 |publisher=Design Plus |location=Quezon City, Philippines |isbn=971-91860-5-4 | pages =1-2 ] Through expansion and acquisitions of Greenwich Pizza in 1994 Corp. in 1994 enabling it to penetrate the pizza-pasta segment. From a 50-branch operation, Greenwich has established a strong presence in the food service industry. In early 2006, Jollibee Foods Corp. bought out the remaining shares of its partners in Greenwich Pizza Corp., equivalent to a 20% stake, for P384 million in cash.cite news | last =Ordinario | first =Cai U. | title =Jollibee Foods buys out partner in Greenwich Pizza | work =BUSINESS | language =English | publisher =The Manila Times Internet Edition | date =2006-01-18 | url =http://www.manilatimes.net/national/2006/jan/18/yehey/business/20060118bus8.html | accessdate = 2007-03-12] , Chowking in 2000 [cite news | title =Restaurant chain trains staff, bags corporate social responsibility award | work =Cebu | language =English | publisher =Sun.Star Publishing, Inc. |bee and that the listed food giant has the exclusive rights to operate Delifrance outlets in the country. "The acquisition involved a restructuring of all advances by Jollibee and Delifrance Asia amounting to P130 million into equity," a public statement said. Jollibee added that the strong sales posted by Delifrance encouraged it to buy out its partner.] [cite news | last =Arcibal | first =Cheryl M. | title =Jollibee group buys out partner in Delifrance | work =BUSINESS | language =English | publisher =The Manila Times Internet Edition ss/20061111bus4.html | accessdate = 2007-03-12 ] and Hongzhuangyuan in 2007 [ [http://afp.google.com/article/ALeqM5ieuiE7xuM6kJ2jeN31JqkwQ57QvQ Philippine fast-food giant acquires China chain] ] , he has turned it into one of the largest fast-food chins in the world. As of August 2008, Tan's Jollibee has a total of 1,480 stores worldwide including Jollibee, Red Ribbon, Chowking, Greenwich, Delifrance Philippines and Manong Pepe's. [ [http://www.gmanews.tv/story/116103/Jollibee-to-acquire-entire-stake-in-China-based-restaurant gmanews.tv, Jollibee to acquire entire stake in China-based restaurant] ]

Trivia

*He was featured in Discovery Channel in mid-2005. Fact|date=July 2007

References