Leo Rey Yanson firms up control over family’s bus conglomerate

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Leo Rey Yanson has firmed up control over the feuding family’s bus empire, with yet another subsidiary voting him as president.

Davao Today reported that the shareholders of Rural Transit Mindanao Inc. based in Cagayan de Oro reelected Leo Rey as president and chairman of the company, while his mother Olivia and sister Ginnette also cemented their positions. Two other Yanson Group-owned bus companies in Mindanao, the Mindanao Star Bus Transport Inc. and Bachelor Express Inc., had earlier elected Leo Rey as their chief.

The warring family has had a breakaway group called the Yanson 4, composed of siblings Roy, Emily, Ricardo Jr., and Celina, who were out to seize control of the family conglomerate after the death of their father.