The FLC Group has appointed Mr Le Ba Nguyen to the position of Chairman of the Board of Directors for the period 2021-2026

DNHN - The new Chairman of the Board of Directors of FLC Group is known as Ms Le Thi Ngoc Diep's brother, or in other words, Former Chairman Trinh Van Quyet's brother-in-law.

Following the success of the FLC Group, Joint Stock Company's (FLC/HoSE) second Extraordinary General Meeting of Shareholders in 2022, the Board of Directors decided to elect Mr Le Ba Nguyen as Chairman of the Board of Directors for the period 2021-2026.

Mr Le Ba Nguyen (born in 1977) is reported to have a master's degree in health management. From 2013 to October 2017 and again from June 2018 until June 2020, Mr Nguyen served as Chairman of the Board of Directors of Ha Thanh Medical Services JSC, ATS Pharmaceutical Group Joint Stock Company, and FLC. 

In addition to this, Mr Nguyen is well-known for being the brother of Ms Le Thi Ngoc Diep; to put it another way, he is the brother-in-law of the former President of Vietnam, Trinh Van Quyet.

During the meeting, Mr Dang Tat Thang, who had previously served as Chairman of the Board of Directors, expressed his opinion that the occurrence involving Mr Trinh Van Quyet was very regrettable, but that this was a personal error that had nothing to do with FLC. Even after more than two months have passed since the event in question, the business operations of the Company are continuing as usual.

However, the event involving the previous chairman has a significant impact on FLC's ongoing operations as well as those that will occur in the future. One encouraging aspect is that all of the members of the executive team may still be involved in their work. In the not too distant future, FLC will restructure by reviewing the current project fund, which consists of more than 200 projects.

The Company will concentrate on key projects that have the greatest investment potential, and at the same time, review member companies and subsidiaries to ensure that only the most successful business company is retained. 

In addition, the Board of Directors will look at joining new fields that the company has never worked in before, such as the manufacturing industry, educational institutions, and healthcare industry.

PV