Rahn Wood, who used to work at Eximbank and VIB, has just been appointed as CEO of Mai Linh Group Corporation.
|Former deputy head of Retail Banking of notorious Eximbank become CEO of Mai Linh Taxi |
Rahn Wood is going to replace Ho Huy to become CEO of Mai Linh Group because the chairman of a public company cannot be its CEO at the same time.
Rahn Wood is an Australian with 30 years of performing executive roles at some of the most prestigious financial institutions like HSBC, Macquarie Bank, Master Card International, and ANZ Bank.
He was deputy head at Retail Banking and PMO at Eximbank during 2017-2019, and strategic adviser at VinaCapital, as well as head of VIB's Retail Banking previously.
Over the last years, Eximbank has faced a lot of challenges due to a string of embezzlements valued at dozens of millions of dollars, causing the resignation of a number of the bank's key personnel including three chairpersons last year.
Before appointing Rahn Wood, Mai Linh Group merged three subsidiaries into a headquarters and departments/divisions. The group targets dominating local markets where it operates, and gain more revenue from added-value services like advertising and partnerships. It expects to earn VND793 billion ($34.5 million) in consolidated profit this year, tripling the figure from last year.
Before merging, the charter capital of Mai Linh Group was VND1.016 trillion ($44.17 million), mainly operating in the southern provinces. Mai Linh Group holds 47.79 per cent of Mai Linh Central JSC (code: MLC), and 47.86 per cent of Mai Linh North JSC (code: MLN).