Vietnam Enterprise Investments announces Stanley Chou as next Chairman of the Board of Directors

– VIETNAM, Ho Chi Minh City –  Vietnam Enterprise Investments (LON:VEIL) today announced that Wolfgang Bertelsmeier has informed the Board , he will step down as Chair of the Company and resign from the Board, both effective 30 June 2019.

He has served on the Board with distinction for over nine years, having been appointed in July 2009. The Board would like to thank Mr Bertelsmeier 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 merger with Vietnam Growth Fund Limited, and listed on the Main Market of the London Stock Exchange.

The Board has elected Stanley Chou, currently senior independent non-executive director, to replace Mr Bertelsmeier as Chair of the Company after Mr Bertelsmeier steps down on 30 June 2019.

The Board Committees will be reviewed and their composition will be re-constituted effective 1 July 2019. Mr Chou will offer himself for re-election to the Board in the usual way at the next Annual General Meeting of the Company.

Meanwhile, the Nomination & Remuneration Committee has appointed an international search consultancy to identify candidates who may replace Mr Bertelsmeier as director. The Nomination & Remuneration Committee shall assess potential candidates based on merit and objective criteria and will consider the Board’s diversity, in order to achieve a combination of skills, experience and knowledge. Any new director appointed to the Board will be expected to stand for election at the AGM.

For more information : https://www.veil-dragoncapital.com

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