Agriseco appoints its CEO as new board chairman

Created 19 June 2017
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Agribank Securities JSC (Agriseco) on Friday appointed its chief executive officer (CEO) to become the new chairman of the management board.

Agribank Securities JSC (Agriseco) on Friday appointed its chief executive officer (CEO) to become the new chairman of the management board. — Photo tinnhanhchungkhoan.vn

 

The new chairman, Phan Văn Tuấn, became the CEO of Agriseco on September 23, 2015. He was voted a member of the management board in November 2014.

Tuấn represents the Việt Nam Bank for Agriculture and Rural Development with an ownership of 21.08 per cent, equal to 44.5 million shares.

The former chairman, Nguyễn Kim Hậu, was no longer a member of the company’s management board on Friday.

In the first quarter of 2017, Agriseco posted VNĐ54.6 billion (US$2.42 million) in revenues, a three-time annual increase.

The company recorded VNĐ52 billion in post-tax profit, which was a big improvement compared to a loss of VNĐ111.5 billion in 2016’s first quarter.

Despite improvements in its business, Agriseco still posted an accumulated loss of VNĐ510 billion.

 

Source: VNS

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