Announcement: Mr. Truong Gia Binh to retake the CEO chair of FPT

On September 26, 2012, Mr. Truong Dinh Anh officially handed in his resignation from the CEO title of FPT Corporation following his dispute over company policy on strategy planning and executive methodology. The company’s Board of Directors approved his resignation, appointing Dr. Truong Gia Binh, its current Chairman, to the position commencing on the same day. The Board, however, still spends good words on Anh’s leadership and contribution to the development of the company, showing regret over his resignation decision.

Truong Dinh Anh continues to keep his roles as member of the Board of Directors and Board of Founders of FPT Corporation. He is also a member of management board and senior adviser in FPT’s subsidiaries such as FPT Retail, FPT Telecom, and FPT Online.

FPT Chairman Truong Gia Binh will play the double role from September 26, 2012 until when his assignment is approved by the General Shareholder Meeting, which expects to be organized in early 2013.

Mr. Truong Gia Binh is one of the founders of FPT. He has played the roles of Chairman and CEO of the company for more than twenty years (from 1988 to 2009). Under his leadership, from thirteen members, FPT has become the leading information technology and telecommunication group in Vietnam with record turnover of US$ 1 billion in 2008.

His coming back as the CEO aims to ensure the group’s sustainable development and better preparation for the transition of future leadership generation.

FPT’s Board of Directors confirms to continue its OneFPT strategy, focusing on core businesses of information technology and telecommunications. With the determination and effort to promote business activities of the entire executive engine, the Board believes that FPT would achieve its performance targets.

MR. TRUONG GIA BINH

Mr. Truong was born in 1956. He and twelve scientists of Vietnam had overcome difficulties to establish Food Processing Technology Company on September 13, 1988, which is known as FPT Corporation today.

During the development of FPT, he is considered the soul and the motivator of the entire organization who always formulates strategic guideline for each development period to sustain steady growth for the company.

Under his leadership, FPT has become the leading information technology and telecommunication of Vietnam, making great effort to be a company of world-class prestige.

He is not only a businessman but also a patriot who has great influence upon the government’s policy making relating to IT development in Vietnam.

Work history:

- From 26th Sep 2012:  Chairman and CEO of FPT Corporation

- 2009-2012: Chairman of FPT Corporation

- 2002 – 2009: Chairman and CEO of FPT

- 2001- present: Chairman of Vietnam Software Association (VINASA)

- 1988 – 2005: Chairman of Vietnamese Young Enterprises Association.

- 1988 – 2002: CEO of FPT Corporation 

He graduated from Faculty of Mechanics and Mathematics of Moscow State University in Russia in 1979 and successfully defended his doctoral thesis in 1982. He was honored Associate Professor by the State of Vietnam in 1991.

About FPT Corporation

Being founded on September 13, 1988, FPT has always been the leading information technology and telecommunication company in Vietnam.

With nine subsidiaries and associates, FPT is providing products and services to 43 provinces and cities across the nation, expanding business to 11 countries in the world including Laos, Cambodia, Japan, United States, France, Singapore, Australia, Thailand, Philippines and Malaysia.

It is also home to the largest number of IT engineers in Vietnam. To date, the company has employed about 13,000 people.

Focusing on information technology and telecommunications, FPT offers a wide range of services in the fields of system integration, software solution, digital content, online data, broad-band internet service, leased line, fixed phone, distribution of information technology and telecommunication products, computer assembly and manufacturing, IT services, and technology education and training.

FPT chooses technology as the primary foundation to reach new height and contribute more to the society by providing state-of-the-art products and solutions via technology enablement. FPT employees are encouraged to think creatively and flexibly to grasp new opportunities and apply technology to every activity to realize the company’s OneFPT strategy- to be Vietnamese Leading Global Company.

Finishing eight months of 2012, FPT gained 15,298 billion in revenue and 1,540 billion dongs in profit. Profit-after-tax of parent company reached 956 billion dongs, earning 3,529 dongs per share on average.

In addition, strong liquidity is considered an advantage when the Group was announced by the VnDirect to rank the 9^th among 27 enterprises having large amount of cash in hand ranging from 500 to 10,000 billion dongs . Paying deep attention to cash-flow management, FPT is now keeping more than 2,000 billion dongs in hand to ensure proper allocation for its running businesses.