Vietnam-based vehicle maker VinFast Auto Ltd has announced changes to its leadership as it ‘enters the next phase of its development.’

Mr Pham Nhat Vuong, founder and Chairman of Vingroup Joint Stock Company – VinFast’s parent company – will transition from his current role as the Chairman of the Board of Directors of VinFast to assume the executive position of Chief Executive Officer.

He will continue to serve as a Director of the Company and now assumes the position of Managing Director.

Concurrently, Madame Le Thi Thu Thuy will transition from her current role as CEO to assume the position of Chairwoman of the Board of Directors.

The company also announced the appointment of Ms Nguyen Thi Lan Anh as its new Chief Financial Officer, replacing Mr. David Mansfield.

Madame Thuy said: “I am proud of VinFast’s many achievements to date. We have developed one of the most extensive EV portfolios in record time and successfully entered the global automotive market. With our deep automotive manufacturing roots, a growing distribution network, and the support of a talented team, VinFast is now well equipped to accelerate its global expansion.”

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By GlobalData

Mr Pham will now directly oversee the operations of VinFast, including global production, sales, and marketing.

He previously served as the Chairman of the VinFast’s Board of Directors since March 2022, in addition to being Chairman of the Board of Directors of Vingroup. In 2013, he became the first Vietnamese billionaire to enter the list of the world’s richest individuals compiled by Forbes.

Madame Thuy, who now transitions to the role of Chairwoman, served as the Managing Director of the Company’s Board and CEO since March 2022. She joined Vingroup in 2008 as the conglomerate’s Chief Financial Officer and was later appointed as the CEO of Vingroup and VinSmart Research & Manufacturer Joint Stock Company before resigning from those positions in 2014 and 2021. She has been the Chairwoman of VinFast and Vice Chairwoman of Vingroup since the company was founded in 2017.

Ms. Lan Anh, who assumes the role of CFO, joined Vingroup in 2020. She possesses extensive knowledge of the company’s operations, including manufacturing and supply chain, from previously serving as the Deputy CEO of Finance & Operations and Chief Financial Officer of VinES Energy Solution JSC, Vingroup’s battery arm.

She is a Fellow Chartered and Certified Accountant and a Certified Practicing Accountant Australia.