On April 9, REE Corporation (HOSE: REE) announced changes to its senior management team. The company has appointed Mr. Ashok Ramachandran as its new CEO, effective immediately, for a three-year term.
Concurrently, Ms. Nguyen Thi Mai Thanh has been relieved of her duties as CEO and will assume the role of Chairman of the Board of Directors, also effective April 9, 2025.
Prior to the annual general meeting in 2025, REE Corporation announced the addition of senior personnel to its Board of Directors and executive team. Mr. Ashok Ramachandran, an Australian national born in 1980, was nominated to replace Mr. Huynh Thanh Hai, who had submitted his resignation on February 12, 2025.
Mr. Ashok holds a master’s degree and has over 20 years of experience in the fields of engineering, management, and business operations in major markets such as Vietnam, Malaysia, India, and the Asian region. He currently serves as the Executive Director at JSW Energy, one of India’s leading energy companies.
Speaking at the annual general meeting, Ms. Thanh assured shareholders, “You may have had some concerns recently, but rest assured, everything is in order. In my conversations with Mr. Ashok, he has committed to working alongside our talented team to lead REE into a new phase of growth.”
With a clear growth strategy, innovative human resource policies, and a stable dividend policy, REE continues to solidify its position as one of the listed companies with a strong financial foundation and a long-term vision.
As one of the first companies to be listed on Vietnam’s stock exchange in 2000, REE has since expanded its operations into critical sectors such as energy, water and environment, and real estate.
According to the approved plan, REE aims to achieve a revenue of VND 10,248 billion in 2025, marking a 22% increase from the previous year and the first time the company has surpassed the VND 10,000 billion revenue threshold. The expected after-tax profit for the company’s parent unit is VND 2,427 billion, a nearly 22% increase, and only slightly lower than the historic peak recorded in 2022.
During the trading session on April 9, REE shares were priced at VND 58,300 per share.
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