The content of Mr. Tuan's petition shared about the reason for resigning, which is to focus on best performing operational tasks in the role of General Director of GELEX Group, while separating the management role of the Board of Directors from the executive role of the Board of General Directors. In addition, it creates opportunities to attract potential new board of directors candidates; thereby helping to diversify the expertise and experience of the Group's Board of Directors.
The resignation is effective from the date of approval by the 2025 General Meeting of Shareholders of GELEX Group Joint Stock Company.
Currently, Mr. Nguyen Van Tuan is still holding the position of General Director and legal representative of GELEX Group. Mr. Tuan currently holds 23.63% of shares in GELEX.
Having joined GELEX since September 2016, Mr. Tuan has held senior leadership positions at GELEX and companies in the Group system.
After 10 years, under the leadership of Mr. Tuan and GELEX Board of Directors, the enterprise has had many strong developments. From a business specializing in electrical equipment manufacturing, with a targeted and effective growth strategy through M&A, applying good management practices and modern production management, focusing on Capex investment and implementing timely restructuring to improve the operational efficiency of member units and the Group's investment portfolio, GELEX has now comprehensively transformed and become a highly appreciated investment group in core areas of the economy, such as: electrical equipment, electricity and water utility infrastructure, industrial park technical infrastructure, commercial and industrial real estate, construction materials and banking finance.
GELEX's revenue, profit and total assets (merged) have increased 4 times, 6 times and 11 times (reaching nearly VND54,000 billion) over the past 10 years, making GELEX one of the largest private economic groups in Vietnam, in the top 50 most profitable enterprises in Vietnam, the GELEX brand in the top 50 most valuable brands in Vietnam and VIS Rating A A in terms of reputation, one of the best workplaces in Asia (voted by HR Asia Magazine).
According to the recently published audit report (consolidated), in 2024, GELEX will reach VND 33,752 billion in revenue, VND 3,613 billion in pre-tax profit, up 12.5% and 158.8% respectively compared to 2023.
