Masan Appoints New Group CFO
Ho Chi Minh City, 20 December 2021 – Masan Group Corporation (HOSE: MSN, “Masan”) today announced a change of leadership in its financial organization. In preparation for its next stage of development, Masan Group has appointed Ms. Do Thi Quynh Trang as Group CFO to continue the development of the finance function and Michael H. Nguyen will be enabled to lead strategic initiatives and transactions. Details of the changes are below:
n Mr. Michael H. Nguyen will continue as Deputy CEO of Masan Group. With 6 years as a leader of the Strategy and Development function followed by 7 years as CFO, Michael will leverage his experience to focus on strategic initiatives (including new business activities), capital markets activities, and investor relations. In particular, Michael will focus on IPO initiatives and lead projects that shall enable Masan’s platforms to meet or exceed international standards.
Ms. Do Thi Quynh Trang will be appointed as Group CFO. Before joining Masan, Trang had 17 years of experience in finance and accounting, played important roles, i.e, CFO, Audit and Advisory Director in large, listed corporates and Big 4 firms. In her new position, Trang will be responsible for developing the strategy and managing the operations of Masan Group’s finance function.
Ms. Doan My Duyen will be tasked with focusing on her role as Deputy CFO, resigning from her previous position as Masan’s Chief Accountant to take on an expanded and more strategic role within Masan's financial organization, to not only cover financial reporting, but also other key areas of corporate finance.
Mr. Nguyen Huy Hung will be appointed as Chief Accountant. In this position, Hung will be responsible for the developing the financial reporting platform of the company.Mr. Danny Le, Chief Executive Officer of Masan Group said: “As we are accelerating our growth and scale, Masan is focused on building a best-in-class organization to execute on our Point of Life vision. We plan to infuse new talent to synergize with our existing management team.”
MASAN GROUP CORPORATION
Masan Group Corporation (“Masan” or the “Company”) believes in doing well by doing good. The Company’s mission is to provide better products and services to the 100 million people of Vietnam, so that they can pay less for their daily essentials. Masan aims to achieve this by driving productivity with technological innovations, trusted brands, and focusing on fewer but bigger opportunities that impact the most lives.
Masan Group’s member companies and associates are industry leaders in branded fast moving consumer goods, branded meat, modern retail, F&B retail, financial services, telecommunications, and value-add chemical processing, altogether representing segments of Vietnam’s economy that are experiencing the most transformational growth.
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This press release contains forward-looking statements regarding Masan’s expectations, intentions or strategies that may involve risks and uncertainties. These forward-looking statements, including Masan’s expectations, involve known and unknown risks, uncertainties, and other factors, some of which are beyond Masan’s control, which may cause Masan’s actual results of operations, financial condition, performance, or achievements to be materially different from those expressed or implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions, future events or promises of future performance.
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