Real Estate and Investment Joint Stock Company VRC (stock code: VRC) has recently received resignation letters from its Chairman of the Board of Management, Phan Van Tuong, and board member Tran Tuan Anh, both citing personal reasons for their departure.
VRC’s senior management has been in flux.
Notably, Mr. Phan Van Tuong had only recently taken over from former chairwoman Tu Nhu Quynh on October 31st, while Mr. Tran Tuan Anh was appointed just last April. Both men were significant shareholders in VRC, holding 22.7% and 12.5% of the company’s charter capital, respectively. However, they have been selling off their stakes in recent times. Specifically, Mr. Quynh sold his entire stake before resigning, and Mr. Tuong is currently in the process of offloading his remaining 14.6% stake.
In addition, VRC received another resignation earlier in October from independent board member and Audit Committee Chairman Nguyen Quoc Phong. The company is expected to hold an extraordinary general meeting later this month but has not yet announced the exact date and time.
Printing and Packaging Joint Stock Company My Chau (stock code: MCP) has appointed Mr. Vu Trong Tuan as its new Chairman of the Board of Directors, replacing Ms. Phan Do Hanh. Ms. Hanh was elected Chairwoman for the 2022-2027 term on November 1st but stepped down less than a month later, also citing personal reasons.
Ms. Hanh currently holds 14% of MCP’s charter capital. Following her resignation as Chairwoman, she remains a member of the company’s board of directors. Additionally, she serves as a board member of the Saigon Import and Export Forest Products Joint Stock Company.
Mr. Vu Trong Tuan is currently a member of MCP’s board of directors and its General Director. As a result of his new appointment, he has resigned from his position as General Director to focus on his new role within the board.
My Chau Packaging’s leadership change comes just a month after the previous appointment.
The new chairman of MCP currently holds 4.25% of the company’s charter capital. In addition to his role at MCP, Mr. Tuan also serves as chairman of the board of directors and director of TMDV Trang Thi Joint Stock Company, chairman of the board of directors and general director of Hanoi Trade and Investment Joint Stock Company, general director of T&T Consumer Goods Company, and a member of the board of directors of Vietnam-Ha Beer and Beverage Joint Stock Company.
To replace Mr. Tuan as General Director, My Chau Packaging has appointed Mr. La Hoai Nam. Mr. Nam is also a member of the Members’ Council of Southwall Vietnam LLC.
On November 28th, Mr. Nguyen Hai Long submitted his resignation as General Director of Thu Duc House Development Joint Stock Company (Thuduc House, stock code: TDH). The timing of his departure will be decided by TDH. Mr. Long attributed his resignation to personal reasons, stating that he could no longer fulfill his duties and responsibilities.
Mr. Long was appointed General Director of TDH on April 15th, replacing Mr. Dam Manh Cuong. Notably, Mr. Long is currently the only member of TDH’s Board of Directors, following the resignation of Ms. Van Thi Hue as Deputy General Director on June 4th.
Mr. Long is the second general director to resign since businessman Nguyen Quang Nghia became chairman of Thuduc House.
The position of General Director at TDH has seen frequent changes.
Central Pharmaceutical Joint Stock Company CPC1 (stock code: DP1) has approved the dismissal of Mr. Cong Viet Hai from his position as General Director, effective December 13th. Mr. Hai is responsible for completing the handover and settling any outstanding advances (if any) before December 31st. He will also be held accountable for the tasks performed and addressing any existing issues within the scope of his responsibilities during his tenure.
Mr. Hai does not own any shares in DP1. He was appointed to the position of General Director on April 1, 2022. Temporarily taking over Mr. Hai’s role is Mr. Ta Van Dung, who has been appointed by the DP1 Board of Directors as Acting General Director since December 13th.
Mr. Ta Van Dung will hold this position for a period of six months from December 13th or until the Board of Directors decides otherwise. Mr. Dung does not own any DP1 shares.
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