Ms. Mai Kieu Lien leaves the chair of Vinamilk
Ms. Le Thi Bang Tam - independent member of Vinamilk's Board of Directors, Chairwoman of HDBank took up this position from July 25.
Vietnam Dairy Products Joint Stock Company - Vinamilk (Stock Code: VNM) said on July 24 that this agency conducted the election of a new Chairman after the 2015 Shareholders' Meeting Resolution approved the separation of the Chairman of the Board of Directors from concurrently holding the position of General Director.
Accordingly, Ms. Mai Kieu Lien will leave this position from July 25, 2015 to focus on the role of CEO of the enterprise. Ms. Le Thi Bang Tam - an independent member of the Board of Directors was elected as her successor.
Ms. Le Thi Bang Tam (born in 1947) has been involved in the management of Vinamilk since April 2013, in parallel with her work as Chairwoman of the Ho Chi Minh City Development Bank (HDBank). Before holding important positions at the enterprise, Ms. Tam was Deputy Minister - Member of the Personnel Committee of the Ministry of Finance (1995-2006), Chairwoman of the Board of Directors of the State Capital Investment Corporation - SCIC (2006-2008). She holds a PhD in Economics from the Leningrad University of Economics and Finance (formerly the Soviet Union) and received a certificate in International Finance from the North University London (UK).
The resignation of General Mai Kieu Lien (born in 1953) as Chairwoman of Vinamilk is a regret for shareholders, but it was announced in advance. Sharing at the 2015 Annual General Meeting of Shareholders, Ms. Lien said that she is no longer the representative of SCIC's capital contribution in the enterprise because according to regulations, she is past the working age. In addition, she has held the above two positions for many years. Therefore, this is a pivotal year for the company to train a new generation of successors to develop the company. However, the new Chairwoman of Vinamilk is 6 years older than Ms. Lien.
Vinamilk is currently one of the largest capitalized enterprises on the stock exchange with a value of 5.5 billion USD. In 2015, the company plans to have revenue of 38,424 billion VND, profit after tax of 6,830 billion VND, respectively increasing by 10% and 13% compared to 2014; the cash dividend ratio is at least 50% of profit after tax.
According to Vnexpress
