PC1 Group appoints new CEO born 1991, CFO and chief accountant effective July 24

Overview

PC1 Group (HOSE: PC1) has announced a series of senior management changes effective July 24, including a new CEO born in 1991, a new CFO, and a new chief accountant. The appointments follow the election of a new chairwoman and the departure of several former executives. The company stated that operations have returned to normal and that H1 2026 profit is estimated to increase over 150% year-on-year.

Key Facts

• New CEO Le Van Dung, born 1991, holds a Bachelor’s degree in Finance and Banking; previously headed the Accounting Department of the Finance Division.
• New CFO Nguyen Thanh Huong, born 1984, holds a Master’s in Economics and a Bachelor’s in Accounting.
• New Chief Accountant Vu Thi Huong, born 1991, holds a Bachelor’s in Finance and Banking.
• Chairwoman Trinh Khanh Linh was elected for the remainder of the 2025-2030 term.
• Multiple former executives were dismissed or resigned effective July 24, including former CEO Vu Anh Duong and several deputy general directors.
• H1 2026 profit is estimated to rise over 150% year-on-year, according to Vice Chairman Phan Ngoc Hieu.
• The leadership changes were announced via board resolutions and an extraordinary general meeting on July 24.

What Happened

PC1 Group announced a comprehensive overhaul of its senior management team, effective July 24. The board appointed Le Van Dung as CEO and legal representative, Nguyen Thanh Huong as CFO, and Vu Thi Huong as chief accountant. These appointments come shortly after the election of Trinh Khanh Linh as chairwoman for the remaining term of 2025-2030.

In parallel, the company dismissed or accepted resignations from several former top executives, including former CEO Vu Anh Duong, former deputy general directors Nguyen Minh De, Vo Hong Quang, Dang Quoc Truong, Trinh Ngoc Anh, and former chief accountant Tran Thi Minh Viet. Trinh Quang Thanh resigned as deputy general director for personal reasons.

At the extraordinary general meeting on July 24, Vice Chairman Phan Ngoc Hieu stated that the recent incidents were individual violations unrelated to the company’s operations, and that business activities had returned to normal. He also disclosed that H1 2026 profit is estimated to rise over 150% year-on-year.

Market Context

PC1 shares closed at VND 21,100 on July 26, 2026, on the HOSE exchange. The stock has been under pressure due to recent leadership turmoil and broader market sentiment. The company operates in the construction and materials sector, which has seen mixed performance amid infrastructure spending and regulatory changes. The profit guidance for H1 2026, if realized, would represent a strong recovery and could support investor confidence.

Strategic Significance

The appointment of a relatively young CEO (born 1991) and a new finance team signals a generational shift in management at PC1. The company is emphasizing continuity and normalization after a period of leadership instability. The strong profit growth forecast for H1 2026 suggests that operational disruptions may have been contained. For long-term investors, the key question is whether the new team can sustain growth and improve corporate governance.

What to Watch

• Q2 2026 earnings release (expected August 2026) to confirm the profit growth guidance.
• Any further regulatory or legal developments related to the dismissed executives.
• Updates on major projects and contract wins that could drive future revenue.
• Changes in foreign ownership limits or investor sentiment following the management overhaul.
• Next quarterly business update or investor conference call for strategic outlook.