GELEX Group Joint Stock Company has publicly announced that it has received the resignation letter from Mr. Nguyen Van Tuan, who served as a member of the Board of Directors (BOD) (2021-2026 term).

Mr. Nguyen Van Tuan – CEO of GELEX Group

Mr. Tuan’s resignation letter shares that he is stepping down to focus on his responsibilities as the CEO of GELEX Group, while separating the management role of the BOD from the operational role of the Management Board. Additionally, this move creates an opportunity to attract potential new BOD candidates, thereby diversifying the expertise and experience of the Group’s BOD.

The resignation will take effect from the date it is approved by the annual general meeting of shareholders of GELEX Group Joint Stock Company in 2025.

Currently, Mr. Nguyen Van Tuan retains the position of CEO and legal representative of GELEX Group. He holds 23.63% of the shares in GELEX.

Joining GELEX in September 2016, Mr. Tuan has held senior leadership positions within GELEX and its various companies.

Over the past 10 years, under Mr. Tuan’s leadership and the management team’s guidance, the company has made significant advancements. Starting as an enterprise focused on manufacturing electrical equipment, with a strategy for growth through purposeful and effective M&A, adopting good governance practices and modern manufacturing management, focusing on targeted Capex investments, and timely restructuring to enhance the operational efficiency of its subsidiaries and the Group’s investment portfolio, GELEX has undergone a comprehensive transformation. It has become a highly regarded investment Group in core economic sectors such as electrical equipment, utility infrastructure, industrial park technical infrastructure, commercial and industrial real estate, building materials, and banking finance.

Over the last decade, GELEX’s consolidated revenue, profit, and total assets have increased fourfold, sixfold, and elevenfold, respectively (reaching nearly 54 trillion VND), establishing GELEX as one of the largest private economic Groups in Vietnam, ranking among the top 50 companies with the highest profits in the country. The GELEX brand is listed in Vietnam’s top 50 most valuable brands, and GELEX has been rated A by VIS Rating for its credibility, recognized as one of the best workplaces in Asia (by HR Asia magazine).

According to the recently released consolidated audit report, in 2024, GELEX achieved 33.752 trillion VND in revenue and 3.613 trillion VND in profit before tax, representing increases of 12.5% and 158.8%, respectively, compared to 2023.