Mobile World Investment Corporation (MWG) announced a management change, appointing Vu Dang Linh as CEO and legal representative from April 3, following the dismissal of the CFO position held by him. Linh, who has been with the company for 17 years, will run for a position on the Board of Directors for the 2025-2028 term. In contrast, Tran Huy Thanh Tung, one of the company’s founders, will step down as CEO effective the same date; he plans to resign from the Board in 2025 and will advise on strategic matters. Additionally, MWG has adjusted its 2024 ESOP stock issuance from nearly 20 million shares to around 18 million at 10,000 VND per share. 303 employees, including Board member and CEO Doan Van Hieu Em, will participate in the buyback. The execution is expected in Q1 and Q2 of 2025.
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