FPT chairman reappointed CEO as ex-chief resigns

Truong Gia Binh, chairman of FPT’s board of directors, has been reappointed as the group’s temporary CEO as the former chief, Truong Dinh Anh, wanted to leave his post as FPT’s CEO.

According to FPT’s press release, Truong Dinh Anh has officially resigned from the position of FPT’s general director because of the differences in strategic planning and operating methods between him and other members in FPT’s board of directors.

As a result, FPT’s board of director has to adopt a resolution on the dismissal of Truong Dinh Anh’s general director position and appoint Truong Gia Binh, chairman of FPT board, as FPT temporary general director from September 26, 2012.

Truong Dinh Anh will continue to work as a board member and a member of FPT founding board. He is still a member of the board of directors and a senior adviser of FPT’s subsidiaries, including FPT Retail, FPT Telecom, FPT Online.

Anh early last month got the green light from the FPT’s chairman for a 2-month leave, from August 1 to September 30, 2012, to deal with his personal issues relating to his family and health status.

During Anh's absence, FPT deputy general director, Chu Thi Thanh Ha, was authorized to operate FPT daily workflow.

After that, there were rumors that Truong Dinh Anh had been relieved of his post in the context that FPT revenue and consolidated pre-tax profit in the first half of 2012 were at VND465 billion and VND1.205 trillion, respectively meeting 37 percent and 40 percent of the yearly plan.

FPT leaders who fail to achieved more than 80 percent of the company’s annual plans due to subjective reasons would be considered for dismissal, according to a decision signed by FPT chairman Truong Gia Binh in July this year.

Truong Dinh Anh was appointed as FPT general director, operating under the supervision of the board, to replace former general director Nguyen Thanh Nam on March 25, 2011.

FPT chairman Truong Gia Binh will concurrently hold the FPT CEO position from the aforementioned date until FPT shareholders give the final approval when they meet at the annual meeting scheduled to take place in early 2013.

FPT board has also reaffirmed pursues OneFPT strategy, focusing on developing its core business areas of information technology and telecommunications.

Born in 1956, Truong Gia Binh is FPT founder, Chairman and served as General Director of FPT for over 20 years (1988-2009).

Under his leadership, from the original 13 members, FPT Group has become a leading IT and telecommunications Vietnam, reaching $ 1 billion in revenue in 2008.

He graduated from the mathematics department of Moscow State University, which was named after Lomonosov of USSR, now a part of the Russian Federation, in 1979.

He successfully defended his doctoral thesis at the university in 1982. He was conferred the title of associate professor in 1991.

Binh's work experience:

- 2009 to present: Chairman of FPT

- 2002 - 2009: Chairman of the Board and CEO of FPT

- 2001: President of the Vietnam Software Association

- 1988 - 2005: Chairman of the Vietnam Young Entrepreneurs Association

- 1988 - 2002: General Director of FPT