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Mr. Cao Van Kien (left) will take on the role of CEO, succeeding Mr. Doan Van Minh (right)
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Mr. Kien will serve as the CEO and legal representative of C.E.O Joint Stock Company (HNX: CEO) from May 6, 2024. He will be responsible for taking over all tasks, documents, files, assets, and other related matters from Mr. Minh.
Mr. Cao Van Kien (born in 1979), a native of Nam Dinh, is a civil engineer. He joined CEO in 2007 as a project management officer and gradually took on the roles of deputy project management director and director before being appointed as deputy general director in 2014, succeeding Mr. Ta Van To. A decade later, he has been promoted to the position of CEO.
Additionally, Mr. Kien served as the director of the C.E.O Consulting Center from 2014 to 2018 and as the general director of C.E.O Tourism Development and Investment Joint Stock Company since 2018.
As for the former CEO, Mr. Doan Van Minh (born in 1976), he is the younger brother of the chairman of the board of directors, Doan Van Binh. Mr. Minh, a Master of Business Administration, joined CEO in 2008. Currently, in addition to being a member of the board of directors of CEO, he also serves as the chairman of C.E.O Design Consulting Ltd. Co., chairman of the members’ council and general director of C.E.O Hospitality Ltd. Co., and director of C.E.O Service Development Joint Stock Company, among other roles.
During Mr. Minh’s three-year tenure, CEO‘s business performance was quite impressive. In 2021, the company returned to profitability, earning VND 93 billion after a loss of VND 67 billion in the previous year. In 2022, CEO generated VND 279 billion in revenue, one of the most positive outcomes since its operation. Last year, CEO also made a profit of VND 151 billion.
| CEO’s revenue and net profit performance from 2012 to the present |
As of the end of 2023, Mr. Binh held 18.9% of CEO‘s capital, down from 27.4% at the beginning of the year due to the transfer of rights to purchase additional shares. Meanwhile, Mr. Minh and Mr. Kien hold 0.028% and 0.023% of the shares, respectively.
Furthermore, Deputy General Director Do Phuong Anh (Mr. Binh’s wife) holds 0.43% of the shares. Truong Thuan Trading and Investment Company Limited, of which she is the owner and legal representative, purchased a significant amount of shares last year, amounting to 8.26%, through both transfers and the exercise of rights to purchase additional shares.
