Coteccons Construction JSC appoints a new CEO

05/08/2022 17:00

The Board of Directors (BOD) of Coteccons Construction JSC has decided to promote Mr. Vo Hoang Lam, a current board member, from the position of Deputy General Director to CEO of the Company from August 5, 2022.

Mr. Vo Hoang Lam has been with Coteccons since the company's inception, and throughout that time, he has held several significant positions at Coteccons, including Site Manager, Division Director, and Project Director. He has approximately 17 years of expertise in working, directing, and operating. He held the title of Deputy General Director of Unicons in 2019 and officially took over as General Director of Unicons on November 1, 2020.

Additionally, he currently serves as Coteccons' Deputy General Director and has been given the trust to run for election to the Board of Directors in April 2022. He has worked with numerous significant investors and partners, both domestically and internationally, and is acknowledged as one of the key figures in guiding Coteccons to overcome difficulties and take the top spot in Vietnam. Along with the Board of Management and the Board of Directors, Mr. Lam will continue to highlight Coteccons' advantages in implementing innovations with the assistance of leading national and worldwide experts in related industries.

(Mr. Vo Hoang Lam – Member of the Board of Directors, CEO of Coteccons, is unanimously elected by the Board of Directors of Coteccons to hold the position of CEO)

According to Mr. Vo Hoang Lam, Coteccons will be consistent with the strategic direction of diversification for the new period, concentrating on the core business of building and re-evaluating the role of sites and back office to improve management capacity and encourage empowerment so that the enforcement apparatus at sites can improve self-determination.

(Mr. Vo Hoang Lam – Member of the Board of Directors of Coteccons receives the decision to hold the position of CEO)

Mr. Bolat Duisenov - Chairman of the Board of Directors of Coteccons, also emphasized: that the public, shareholders, and investors have put a lot of pressure on Coteccons during the CEO vacancy. The company has even been put at a disadvantage when bidding for projects. However, the Company is taking its time. And the administrative system is still operating properly. I reiterate that the main value of Coteccons is people. As a result, it is crucial to carefully choose an individual who possesses the essential capacity, quality, and understanding of the Coteccons’ 18-year-old culture. When the Company is completely staffed, I think the four distinctive values - the Coteccons Inside - that have contributed to the Company's image and brand will be maintained and vigorously promoted.

The selection of Mr. Vo Hoang Lam to the position of CEO and the encouragement of empowerment thus demonstrates the agreement of the Board of Directors, Board of Management, and Shareholders in retaining the heritage, identity, and dedication of the Company, implementing the innovation strategy towards positive changes for Coteccons in the new era.


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