Tuesday, November 21 2017

VietNamNews

Dương quits Coteccons CEO post

Update: July, 05/2017 - 14:00
Chairman of Coteccons Nguyễn Bá Dương.
Viet Nam News

HÀ NỘI — Nguyễn Bá Dương will quit his position as CEO of the Cotec Construction Joint Stock Company (Coteccons) in the 2017-20 term.

However, he will continue to be the company’s chairman.

According to an announcement by the company’s executive board, Nguyễn Sỹ Công, general director of Unicons, a subsidiary of Coteccons, will replace Dương to lead the company.

The board also approved the establishment of four sub-departments in the fields of strategy, investment, risk management, and salary, bonus and human resource.

“The company has a scale of more than US$1 billion in revenue and more than 2,000 employees and workers. Therefore, Coteccons need to restructure its management following international rules to meet the development demand,” Dương said.

Over the past years, Dương was seen as the chief architect of Coteccons, listed as CTD on the stock market. He became the company’s CEO when it was established in August 2004.

He was recently selected to be a member of giant dairy producer Vinamilk (code VNM) and the head of the company’s salary and bonus sub-department.

Clarifying inquiries from Vinamilk shareholders about the new appointment, company CEO Mai Kiều Liên said the change was in accordance with international administration rules, according to which the company needed an independent member to be in charge of important sub-departments. — VNS

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