One of the earliest companies to go public on the stock market has just replaced both its chairman and CEO.

Sam Holdings is one of the first two companies listed on the Vietnamese stock market under the ticker symbol SAM. The company has recently undergone a notable change in its senior leadership structure.

Sam Holdings Company Headquarters - Photo: DN

Sam Holdings Joint Stock Company (SAM) has just announced that it has received the resignation of Mr. Le Hoang Son from the position of Chairman of the Board of Directors due to personal reasons.

Shortly afterward, the company's board of directors passed a resolution accepting Mr. Son's resignation, effective November 12th.

Mr. Son stepped down from the chairmanship but retained his position as a member of the board of directors for the term approved by the annual general meeting of shareholders.

Along with the decision to dismiss Mr. Son, the SAM board of directors elected Mr. Tran Viet Anh - the general director - as the chairman of the board of directors for the term 2020 - 2025.

Replacing Mr. Tran Viet Anh as CEO is Mr. Tran Quang Khanh, who was formerly the deputy CEO and authorized person to disclose information at SAM.

The new chairman of SAM, Tran Viet Anh, was born in 1978 and holds a master's degree in business administration. Mr. Viet Anh has held the position of CEO of SAM since 2018, after Mr. Tran Anh Vuong (Shark Vuong) resigned.

Mr. Le Hoang Son

According to the 2023 annual report, Mr. Viet Anh also holds positions at several other businesses, including: Chairman of the Board of Directors of Phu Tho Tourism Services Joint Stock Company; Chairman of the Board of Directors of Dam Sen Water Park Joint Stock Company; and member of the Board of Directors of Binh Duong Production - Import and Export Corporation.

Mr. Viet Anh's ownership stake in SAM as of March 18, 2024, was 0%.

Meanwhile, Mr. Son - the former chairman of SAM - is currently the chairman of the board of directors of OPC Pharmaceutical Joint Stock Company.

At the end of 2023, Mr. Son also attracted attention when he resigned from his position as chairman of National Securities Corporation (NSI) due to "seriously deteriorating health recently." Mr. Son said he "felt he could not perform the assigned tasks well."

On its website, SAM introduces its predecessor as SACOM Joint Stock Company - one of the first two companies listed on the Vietnamese stock market according to a 2000 decision by the Securities Commission.

Regarding business performance, the recently released financial report shows that in the first nine months of 2024, SAM recorded over VND 3,177 billion in net revenue and over VND 82 billion in after-tax profit, respectively 2.2 times and 3.4 times higher than the same period last year.

Source: https://tuoitre.vn/mot-cong-ty-len-san-som-nhat-thi-truong-chung-khoan-vua-thay-chu-tich-lan-ceo-2024111416281234.htm