Tycoon Vu Dinh Do resigns from position of Chairman of DNP Holding

On May 22, DNP Joint Stock Company (stock code: DNP) received a request to resign from the positions of members of the Board of Directors (BOD) of Mr. Vu Dinh Do and Ms. Phan Thuy Giang.

The resignations of Mr. Do and Ms. Giang will take effect after being approved by the general meeting of shareholders later this afternoon (May 24) at the 2024 annual general meeting of shareholders.

Mr. Vu Dinh Do (Photo: DNP).

Mr. Vu Dinh Do was born in 1982, has a bachelor's degree in economics . Before joining DNP Holdings, Mr. Do worked as an auditor for KPMG Auditing Company in Vietnam and Singapore; held senior positions in investment analysis, investment, capital markets, M&A and derivatives at large securities companies such as SSI and VNDirect.

He joined DNP in 2012 as CEO and became General Director and Chairman of the Board of Directors of the company in 2014. At the 2022 annual shareholders' meeting, Mr. Do was re-elected as Chairman of the Board of Directors of the company for the 2022-2027 term.

According to DNP Holding, Mr. Vu Dinh Do is an investor, co-founder and accompanies the development of water infrastructure development companies, water infrastructure material manufacturing companies, construction materials, etc. in the DNP Holding Joint Stock Company system.

Ms. Phan Thuy Giang was born in 1979 and joined DNP Holding in 2017. She has held positions such as Member of the Board of Directors, Supervisory Board, and Executive Board at companies in the water and construction materials industry. In July 2021, Ms. Phan Thuy Giang was elected as a member of the Board of Directors of DNP Holding for the 2022-2027 term.

The sudden resignation of Mr. Do and Ms. Giang before their term ended surprised many investors. According to DNP's corporate governance report, although he no longer wants to hold a position at DNP Holding, Mr. Vu Dinh Do is still the largest shareholder of the company, owning 12.78 million shares, equivalent to 10.75% of the charter capital.

In addition to DNP, Mr. Do is also Chairman of the Board of Directors of Tasco Joint Stock Company (stock code: HUT) and Saigon General Services Joint Stock Company (Savico - stock code: SVC).

Previously, in early May, Mr. Bui Thanh Viet withdrew his resignation from the company's Board of Directors (resignation letter submitted on March 28). Another Board member who also submitted his resignation was Mr. Akhil Jain.

With the withdrawal of 3 members, the Board of Directors of DNP Holding still has Mr. Ngo Duc Vu - Permanent Vice Chairman of the Board of Directors, Mr. Hoang Anh Tuan, Ms. Nguyen Thi Huyen and Mr. Bui Thanh Viet.

Source: https://dantri.com.vn/kinh-doanh/dai-gia-vu-dinh-do-dot-ngot-tu-chuc-chu-tich-dnp-holding-20240524151300305.htm