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| Bao Viet's former CEO Tran Trong Phuc (left) and new CEO Duong Duc Chuyen (right).— Photo Dantri.com |
HA NOI (Biz Hub) — The Bao Viet Insurance Corporation's Board of Directors has temporarily appointed Duong Duc Chuyen, 51, as its new CEO from March 31.
On the same day, the board agreed to reassign former CEO Tran Trong Phuc, who is no longer a member of the board. Phuc, 53, has an MBA degree and had held many positions in the corporation before being appointed as CEO on April 24, 2013.
The new CEO Chuyen, who headed the corporation's investment section earlier, has a Master's degree and has worked for the corporation for a long time. He was made a member of the board in 2011.
According to the board, Chuyen will be the CEO till they take a new decision.
In 2013, the after-tax profit for the shareholders in the corporation was VND1.096 trillion, or US$50.9 million, down 19 per cent compared with 2012.— VNS