CEO resigns, Thuduc House's Executive Board faces the risk of having no one left

ANTD.VN - Mr. Nguyen Hai Long - General Director of Thuduc House resigned after more than 7 months in this position. If no replacement is found, the Board of Directors of Thuduc House will face the possibility of having no members left.

Thu Duc House Development Joint Stock Company (Thuduc House - TDH) has just received the resignation letter of Mr. Nguyen Hai Long. In the resignation letter, Mr. Long said that due to personal reasons, he could not continue to undertake his duties and responsibilities. The time of resignation will be considered and decided by the Board of Directors.

Mr. Nguyen Hai Long was recently elected as General Director of Thuduc House from mid-April 2024, replacing Mr. Dam Manh Cuong - who resigned from this position because he "felt he did not meet the criteria of the new Board of Directors".

Currently, Mr. Nguyen Hai Long is the only member of the Executive Board of Thuduc House. Previously, Ms. Van Thi Hue - Deputy General Director and Secretary of the Board of Directors was also dismissed in June. Currently, this enterprise has no information about the personnel who will replace Mr. Long.

Meanwhile, the Board of Directors of Thuduc House is chaired by Mr. Nguyen Quang Nghia, with two members: Ms. Vo Thi Tuong Vy and Mr. Hoang Anh Phuc.

Thuduc House's upper echelons have been in constant flux since the end of 2021, after the General Director and a series of staff were arrested in a tax refund fraud case in the export of electronic components in the previous period. In 2022 alone, this enterprise changed the Chairman of the Board of Directors 3 times and in 2023, continued to replace the new Chairman, Mr. Nguyen Quang Nghia.

The business situation of this enterprise is also poor, Thuduc House is continuously forced to pay tax debts by the Ho Chi Minh City Tax Department. In 2020 and 2021, the company suffered consecutive losses of nearly 310 billion and 890 billion VND.

In 2022, the company earned a mere VND8 billion in profit thanks to maximum cost reduction. However, in the first 9 months of 2023, Thuduc House continued to lose nearly VND4 billion, bringing the total accumulated loss to about VND755 billion.

Source: https://www.anninhthudo.vn/ceo-tu-nhiem-ban-dieu-hanh-thuduc-house-doi-mat-nguy-co-khong-con-ai-post596867.antd