(Alliance News) - Vietnam Enterprise Investments Ltd on Tuesday said it will promote Gordon Lawson to chair, replacing Stanley Chou.
The Vietnamese equities-focused closed-end fund has named Gordon Lawson as chair. Lawson is currently senior independent non-executive director of the company.
Vietnam Enterprise said that Chou plans to step down as chair and resign from the board on June 30.
Chou was made chair in 2019. Previously, Chou had served as director of Vietnam Growth Fund Ltd, a fund also managed by the Dragon Capital Group Ltd, until its merger with Vietnam Enterprise, following which Chou joined Vietnam Enterprise's board in January 2016.
"The board would like to thank Chou for his valuable contribution during his time on the board, and his guidance as chair, during which time the company has significantly grown its assets under management, including via the merger with Vietnam Growth Fund Ltd, and has also listed on the Official List and admitted its shares to trading on the main market of the London Stock Exchange," Vietnam Enterprise said.
Further, the company said that Entela Benz-Saliasi will replace Lawson as senior independent non-executive director.
Shares in Vietnam Enterprise were down 0.2% to 675.94 pence each in London on Tuesday morning.
By Sophie Rose; sophierose@alliancenews.com
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Vietnam Enterprise Investments (VEIL)