Banks simultaneously change senior personnel
Never before have senior personnel changes at banks been as frequent as this year's shareholder meeting season.
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At the shareholders' meeting on the morning of April 19, HSBC representative withdrew from Techcombank's board of directors, replaced by former Vice Chairman of the State Securities Commission Nguyen Doan Hung.
At Saigon-Hanoi Bank (SHB), Mr. Do Quang Huy, who is currently working at T&T, was elected as a member of the Board of Directors (BOD) for the 2012-2017 term. Along with the nomination of Mr. Huy, the BOD proposed to dismiss Ms. Dam Ngoc Bich and Mr. Pham Hong Thai from their positions as members of the BOD. Before Mr. Huy was nominated as a member of SHB's BOD, T&T Group registered to buy an additional 36.3 million SHB shares.
The wave of senior personnel changes at banks continues when at the Dong A Bank Shareholders' Meeting on April 26, Mr. Pham Van Bu will leave the position of Chairman of Dong A Bank due to reaching retirement age and no longer representing the capital contribution of the Ho Chi Minh City Party Committee in Dong A Bank. Previously, Mr. Dang Phuoc Dua, a member of the Board of Directors of Dong A Bank, representing the capital contribution of Rexco Technical Materials Import-Export Company at Dong A Bank, also resigned. Therefore, at the upcoming Dong A Bank Shareholders' Meeting, Dong A Bank must elect 2 additional members of the Board of Directors to replace him.
Eximbank has also just announced that it will seek shareholders' opinions to elect 3 additional members to the Board of Directors at the General Meeting of Shareholders scheduled to take place on April 28. The three candidates include Mr. Le Hung Dung, Mr. Pham Huu Phu and Mr. Dang Phuoc Dua. Of which, Mr. Le Hung Dung, currently Chairman of the Board of Directors of Eximbank, was nominated by 4 shareholders with a 10.4% ownership ratio. Mr. Pham Huu Phu was nominated by 8 shareholders representing 11.3% of voting shares. Mr. Dang Phuoc Dua was nominated by 15 shareholders (including 1 legal entity) representing 10.6% of shares. Both Mr. Phu and Mr. Dua are two familiar faces. Mr. Phu has just left the position of Chairman of the Board of Directors of Sacombank and Mr. Dua has just left the position of member of the Board of Directors of Dong A Bank.
Recently, the Kien Long Bank Shareholders' Meeting approved the resignation of Mr. Tran Phat Minh as a member of the Board of Directors and elected two additional members of the Board of Directors for the 2013-2017 term, Mr. Vo Van Chau and Ms. Nguyen Thuy Quynh Huong. A member of the Board of Supervisors was also elected, Mr. Dang Minh Quan. Previously, on March 31, Mr. Minh submitted a resignation letter from the Board of Directors for personal reasons. Currently, Mr. Minh is an individual shareholder holding major shares in two banks, KienLong Bank and Sacombank.
At the 2014 General Meeting of Shareholders of Nam A Bank held at the end of March, the bank's shareholders also approved the resignation of Chairwoman of the Board of Directors, Ms. Nguyen Thi Xuan Loan, Vice Chairwoman Huynh Thanh Chung and Board Member Tran Anh Tuan. They were replaced by Mr. Nguyen Quoc Toan and Mr. Tran Ngo Phuc Vu.
Previously, a series of general directors and deputy general directors of major banks also resigned "for personal reasons" or moved to new positions at other banks or other agencies. However, most of them were due to the wave of mergers and acquisitions that are taking place strongly in the banking industry. Recently, after mergers and consolidations, key positions in the Board of Directors and Executive Board of banks have been changed and the replacements come from organizations that contribute capital to the bank./.
According to vov
