A series of big company bosses resign, what's going on?

(Dan Tri) - In the first half of the year, the business market continued to witness a wave of changes in senior personnel at many large enterprises, mainly in the real estate and finance groups.

A series of big business leaders leave their positions

Mr. Pham Van Tai - General Director of Thaco and Mr. Nguyen Mot - Senior Director in charge of Culture - Communications of this enterprise voluntarily resigned from work during the restructuring and digital transformation period across Thaco. Chairman of the Board of Directors (BOD) Tran Ba ​​Duong will concurrently hold the position of CEO of the enterprise.

On August 16, at the meeting to deploy the operational plan and management work for the last 5 months of the year, this enterprise announced the appointment of 3 deputy general directors. These 2 personnel include Mr. Nguyen Quang Bao - General Director of Thaco Auto, Mr. Tran Bao Son - General Director of Thaco Agri and Mr. Nguyen Hoang Tue - General Director of Thadico.

Mr. Luu Van Dat continues to be reappointed as Thaco Deputy General Director in charge of legal affairs. Mr. Tran Ba ​​Duong - Chairman of the Board of Directors concurrently holds the position of Thaco General Director.

Chairman of the Board of Directors Tran Ba ​​Duong presented flowers of gratitude to General Director Pham Van Tai and Senior Director in charge of Culture - Communication Nguyen Mot (Photo: Thaco).

On August 15, the Board of Directors of Electricity Finance Joint Stock Company (EVN Finance, stock code: EVF) also received the resignation letter from Mr. Mai Danh Hien as General Director and the resignation letter from Mr. Le Manh Linh as Vice Chairman of the Board of Directors for the 2023-2028 term.

In his resignation letter, Mr. Mai Danh Hien said that he made this letter based on his personal wishes and the assignment of the Board of Directors. Mr. Hien will continue to perform the duties of a member of the Board of Directors.

The Board of Directors also decided to appoint Mr. Le Manh Linh as a member of the Board of Directors and acting General Director of the company from August 21. In the Resolution, the Board of Directors also decided to approve Mr. Le Manh Linh as the expected person to be appointed as the General Director of the company after being approved by the State Bank.

Mr. Mai Danh Hien was appointed as Vice Chairman of the Board of Directors of EVN Finance for the 2023-2028 term, effective from August 21. The company also reappointed Mr. Le Anh Tuan as Deputy General Director of EVN Finance from September 15, with a term of appointment of 5 years.

From August 21, Mr. Pham Trung Kien, Chairman of the Board of Directors, is the legal representative of EVN Finance.

On August 15, the State Bank also announced the conclusion of the inspection of EVN Finance. In addition to the achievements in credit growth and annual business results, the State Bank inspection also pointed out violations at EVN Finance. One of the violations of EVN Finance was granting credit to unqualified organizations and individuals.

NRC Corporation (NRC Corp, stock code: NRC) also announced the dismissal of General Director Nguyen Huy Cuong from August 15 for personal reasons. Although leaving the CEO position, Mr. Cuong was appointed Vice Chairman of the Board of Directors for the remaining term of 2022-2027.

On the other hand, NRC Group appointed Deputy General Director Trinh Van Bao as General Director of the Group from August 15. The new General Director of NRC was appointed to the Executive Board of NRC Group in January.

Previously, on June 9, Hoang Quan Real Estate Trading and Service Consulting Joint Stock Company (stock code: HQC) also changed its General Director. Specifically, the company appointed Mr. Nguyen Long Trieu as General Director, replacing Mr. Nguyen Thanh Phong after 5 years of management.

According to the introduction, Mr. Nguyen Long Trieu was born in 1984, has held the position of Deputy General Director since mid-2018 and is directly in charge of business. Mr. Trieu is currently also the General Director of Hoang Quan Can Tho Real Estate Investment Company (an affiliated unit in which HQC owns 39% of capital) and Deputy General Director of Hoang Quan Group.

New General Director of Hoang Quan Real Estate - Mr. Nguyen Long Trieu (Photo: HQC).

Also on June 9, Sao Thang Long Investment Joint Stock Company (stock code: DST) announced that Mr. Ngo Van Phuong will assume the position of General Director for the period 2025-2030. This position has been vacant since August 2024.

Van Phu Real Estate Development Joint Stock Company (stock code: VPI) also recorded a leadership change when Mr. Trieu Huu Dai resigned from the position of General Director for personal reasons. His successor is Mr. Pham Hong Chau, a veteran who has been with the company since 2017 as Deputy General Director and member of the Board of Directors.

At Bamboo Capital (stock code: BCG), at the end of February, Mr. Nguyen Tung Lam resigned from his position as a member of the Board of Directors and General Director. Mr. Lam had only held this role for less than a year. Mr. Ho Viet Thuy was appointed to replace him.

In the financial sector, surprisingly last May, Ms. Nguyen Duc Thach Diem, CEO of Sacombank , sent a letter of resignation after nearly 8 years as CEO of the bank.

Joining Sacombank in 2002, she has held many positions in functional departments, branches and regions, was appointed Deputy General Director in 2014 and Acting General Director in July 2017.

During her tenure as executive, she participated in the restructuring of Sacombank and handled post-merger issues.

Ms. Nguyen Duc Thach Diem (Photo: STB).

Mirae Asset Securities Vietnam also recorded a double transfer in both the positions of Chairman of the Board of Directors and General Director. Accordingly, Ms. Nguyen Hoang Yen became Chairman of the Board of Directors and legal representative in place of Mr. Kang Moon Kyung.

At the same time, the position of General Director of Mr. Kang Moon Kyung was transferred to Mr. Huh Hong Suk, former Chief Financial Officer, for the period 2025-2026. Mirae Asset recorded positive business results, with revenue from securities trading reaching 615 billion VND, and profit after tax in the first quarter of 2025 increasing by 11.8%, reaching 174 billion VND.

The whole board also withdrew.

In other developments, many cases of the entire board of directors leaving the company have attracted strong attention. Specifically, all 5 members of the Board of Directors of Rang Dong Holding Joint Stock Company (stock code: RDP), including Chairman Ho Duc Lam, simultaneously submitted their resignations right before the annual shareholders' meeting. The reason given was personal work, unable to continue holding the position.

Recently, Rang Dong Holding also announced that it received a decision to open bankruptcy proceedings on June 25 from the Ho Chi Minh City People's Court.

Specifically, the court received a petition to open bankruptcy proceedings by Rang Dong Films Company - a subsidiary in which Rang Dong Holding holds 97.75% of the capital. Upon review, the court found that the petition had sufficient grounds to prove that Rang Dong Holding was insolvent according to Clause 1, Article 4 of the 2014 Bankruptcy Law.

Mr. Ho Duc Lam (Photo: Rang Dong Plastic).

At Investment and Construction Joint Stock Company 40 (stock code: L40), the entire Board of Directors, including Chairman Le Dinh Hien and 2 other members, simultaneously withdrew from March 7. Notably, Mr. Hien had held this position for more than 9 years. At the same time, General Director Nguyen Van Son also resigned due to his inability to perform his duties well.

Similarly, 3 members of the Board of Directors of Tien Phong Securities Company (TPS, stock code: ORS) have just submitted their resignations on the same day for personal reasons.

Specifically, TPS received the resignation letters of Mr. Le Quoc Hung, Mr. Ta Quang Luong and Ms. Nguyen Thi Le Tung on June 20, one week before the annual shareholders' meeting. These three personnel have only joined the Board of Directors since mid-2024.

TPS currently has 7 members of the Board of Directors, but so far 4 have resigned. Previously, on March 18, Mr. Do Anh Tu also resigned, meaning he is no longer the company's chairman.

In addition to the resignation of the Board of Directors, in mid-April, the company dismissed Ms. Bui Thi Thanh Tra from the position of General Director and legal representative due to changes in the organizational structure. Immediately after that, the company appointed Ms. Dang Si Thuy Tam as a replacement.

The wave has lasted since the beginning of 2024 and is not expected to stop yet.

Sharing with Dan Tri reporter, a human resources expert said that in reality, the resignation of senior leaders is not a trend, but depends on each different case. In the difficult context, from the end of 2023, a series of CEOs of listed enterprises continued to resign, some of whom only sat in the "hot seat" for a few months.

Specifically, Thu Duc House Development Joint Stock Company (Thuduc House, stock code: TDH) on November 28, 2024, Mr. Nguyen Hai Long submitted his resignation as General Director for personal reasons. Mr. Long was appointed as General Director on April 15, 2024, replacing Mr. Dam Manh Cuong, who had only been in office for about 8 months, and was currently the sole member of the Board of Directors (until his resignation).

Central Pharmaceutical Company CPC1 (stock code: DP1) also approved the dismissal of Mr. Cong Viet Hai from the position of General Director at the end of 2024. Mr. Hai was just appointed to the position of General Director from April 1, 2022.

In June 2024, An Gia Real Estate Investment and Development Joint Stock Company (stock code: AGG) dismissed Mr. Nguyen Thanh Son from his position as General Director, after only 5 months in office.

Also during this time, CEO of Hai Phat Invest (stock code: HPX), Mr. Doan Hoa Thuan, also left the "hot seat" due to disagreements. Mr. Thuan joined Hai Phat in 2017 and has been General Director since 2018. Ocean Group (stock code: OGC) also announced that General Director Pham Hung Viet will resign from December 15, 2024. His replacement will be Mr. Le Vu Hai.

Source: https://dantri.com.vn/kinh-doanh/loat-sep-lon-cac-cong-ty-tu-nhiem-chuyen-gi-dang-xay-ra-20250820171819719.htm