Mr. Le Ba Tho was elected to the CAV Board of Directors at the 2024 Annual General Meeting of Shareholders (AGM) on the afternoon of May 3. The first meeting of the Board of Directors took place immediately after the AGM, with Mr. Tho being elected as the Chairman of the CAV Board of Directors for the remaining term of 2022-2027.
Portrait of Mr. Le Ba Tho – Chairman of the CAV Board of Directors
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Mr. Le Ba Tho, born in 1981, holds a Bachelor’s degree in Accounting and Auditing, and a Master’s degree in Business Administration. He has nearly 20 years of experience in finance, business administration, and has held various management positions in many companies. Currently, Mr. Tho is the Vice Chairman of the Board of Directors of GELEX Corporation JSC (HOSE: GEX, parent company of GELEX Electric – which owns more than 96% of CAV shares), Chairman of the Board of Directors of GELEX Infrastructure JSC, and Member of the Board of Directors of Viglacera Corporation – JSC (HOSE: VGC).
Mr. Tho’s predecessor was Mr. Nguyen Van Tuan. After more than 7 years on the job, Mr. Tuan submitted a resignation letter, which was approved by the CAV Board of Directors at the 2024 Annual General Meeting on May 3, 2024.
Coinciding this event, CAV also has a new General Director, Mr. Ho Quang Nhan, who has been with the company for 12 years and was the Deputy General Director.
After nearly 5 decades of development, CAV has established itself as the number one brand of electric wires and cables in Vietnam (according to a survey by the Association of High Quality Vietnamese Goods). In 2023, the company’s consolidated revenue reached VND 10,084 billion, completing 83% of the plan; consolidated profit before tax reached VND 529 billion, reaching 118% of the plan.
At the 2024 Annual General Meeting, the CAV Board of Directors outlined orientations emphasizing maintaining the Southern market, developing the Central market, and especially the Northern market through the continued establishment of a dealer system. By focusing on R&D and embracing the green living trend, CAV has launched many new products that are safe and environmentally friendly.
The Annual General Meeting also approved the 2024 business plan of CAV with a target of consolidated revenue of VND 11,068 billion, and profit before tax of VND 460 billion.
