Recently, Robert Alan Willett, a non-executive member of the Board of Directors of Mobile World Investment Corporation (MWG), has registered to sell 1.2 million shares of MWG from February 27 to March 27, 2024. After the transaction is completed, Robert will reduce his ownership of MWG shares from 8 million to 6.8 million shares, equivalent to 0.466% of the charter capital.
With the initiative to sell MWG shares, in a recent meeting with investors, Robert was asked about his commitment to Mobile World in the future. Specifically, investors asked:
“Please share whether Robert intends to resign from the Board of Directors of Mobile World in the near future.”
Robert answered very directly that he has no intention of doing so. He also shared that if the Board of Directors wishes, he will stay here for another 5 years. Robert sold the shares to financially support buying a new house for his wife, as her health is not very good.
This Board member also happily stated that if anyone wants to sell MWG shares, he is willing to buy them back.
When asked about his support and advice for Mobile World in 2023, Robert said that he often visits Vietnam and regularly meets with the leadership team. Previously, it was 4 times a year, recently it has been 6-7 times a year. The next time, from March 15 to April 19, Robert will sit down with the leadership team to review areas that need to improve.
Robert shared that his main role is to seek new growth areas because he has worked for many years with large companies in the US. Robert evaluates that Mobile World’s leadership team is doing well and is currently focusing on the health and beauty industry. In the fresh food sector, with experience operating two large companies worldwide, Robert devotes a lot of time to Bach Hoa Xanh and CEO Pham Van Trong.
In the mobile phone segment, with 10 years of experience as CEO of the largest mobile phone retailer in the UK, Robert is also very interested in the market changes in this industry in Vietnam.
In his opinion, the market psychology is changing. He also said that he spends a lot of time on areas that the Board of Directors request and advises investors to trust the integrity and straightforwardness of Mobile World’s leadership team.
Robert Alan Willet, British nationality, holds a Master’s degree in Business Administration, and has been a member of the Board of Directors and senior advisor of Mobile World since April 2013. According to Mobile World’s introduction, Willett was previously CEO of BestBuy International and was known as a “guru” in the global retail industry.
In 2023, Robert’s attendance rate at Mobile World’s Board of Directors meetings was 100% with 19 meetings.
Robert Alan Willett at the 2023 Annual General Meeting of Mobile World
According to MWG’s 4th quarter 2023 financial report, Robert Alan Willett had the highest income among the leadership team with over 2.25 billion VND in 2023, nearly 10 times the income of Chairman Nguyen Duc Tai.
Mobile World’s financial report 2023
Compared to the income of other members of the Board of Directors and the CEO, only Robert’s income remained almost unchanged compared to 2022, at 2.23 billion VND. Other leaders, including Chairman Nguyen Duc Tai, saw a significant decrease in income in 2023 compared to 2022 in the context of Mobile World’s unfavorable business conditions.
Remuneration of Mobile World’s Board of Directors and CEO in 2022
