Ms. Tran Mai Hoa returned to the position of CEO of Vincom Retail, on the same day Vingroup announced its divestment from the company.
Vincom Retail Joint Stock Company has just announced a change in its CEO. Accordingly, Ms. Tran Mai Hoa has been appointed CEO and Vice Chairman of the Board of Directors of Vincom Retail for the term 2024-2028, effective from March 18th.
Ms. Pham Thi Thu Hien, who previously served as CEO of Vincom Retail, has been appointed as Deputy General Director of Sales and Marketing.
This decision marks the return of CEO Tran Mai Hoa, after more than 5 months of swapping positions with Ms. Pham Thi Thu Hien, since the beginning of October 2023.
Ms. Tran Mai Hoa, CEO of Vincom Retail, at the 2023 annual general meeting. Photo: VRE
Ms. Tran Mai Hoa was born in 1974 and holds a Bachelor's degree in Accounting from the National Economics University and the University of Foreign Languages - Vietnam National University, Hanoi.
She joined Vincom Retail in 2014 as the Project Management Director at Vincom Mega Mall Times City and Vincom Mega Mall Royal City. She held the position of Deputy General Director of VRE from 2014 to early 2016, before being appointed CEO of the company.
The changes in Vincom Retail's senior management coincided with Vingroup's decision to divest its entire stake in SDI Commercial Investment and Development Company, thereby indirectly selling off shares and retaining only 18.8% of the company's capital.
Vincom Retail is the retail real estate division of Vingroup. After divesting from this segment, the conglomerate owned by billionaire Pham Nhat Vuong now has six main business areas: real estate trading and transfer, hotel, tourism and entertainment services, healthcare, education , manufacturing, and other activities.
In 2023, Vincom Retail recorded net revenue and after-tax profit of VND 9,791 billion and VND 4,409 billion respectively, an increase of 33% and 59% compared to 2022. The company currently manages 83 shopping malls in 44 provinces and cities and plans to open 6 more malls this year.
Minh Son
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