VinFast Auto (NASDAQ: NASDAQ:VFS), an emerging player in the electric vehicle industry, is set for a change in its board composition. The company disclosed that Mr. Ngan Wan Sing Winston, an independent director and member of the Audit Committee, will resign effective May 1, 2024. He will be succeeded by Mr. Tham Chee Soon, who will assume the roles of member of the Compensation Committee, member of the Audit Committee, and an audit committee financial expert starting on the same date.
Mr. Tham's appointment aligns with the requirements of Rule 10A-3 under the Exchange Act and Nasdaq rules, confirming his independent status. His experience includes serving as an independent director for several companies across Asia, such as CH Offshore Limited and Gratus Investment Management Private Limited. He also holds the position of director and CFO for RF Acquisition Corp II, which recently filed a registration statement on Form S-1 with the Securities and Exchange Commission.
In addition to his corporate roles, Mr. Tham is actively involved with various non-profit organizations and charities. He has been contributing his expertise to the Bone Marrow Donor Program, the TENG Ensemble Ltd, and Dover (NYSE:DOV) Park Hospice. His professional credentials are extensive; he is a Public Accountant licensed in Singapore, a Fellow Chartered Accountant of Singapore, and a Chartered Financial Analyst charterholder. Mr. Tham is also a member of the American Institute of Certified Public Accountants and Certified Practising Accountants Australia. His academic background includes a Bachelor of Accountancy from the National University of Singapore.
This transition in VinFast Auto's board of directors is a strategic move as the company continues to navigate the competitive landscape of the electric vehicle market. The change reflects VinFast Auto's commitment to maintaining strong governance and financial oversight as it scales its operations and expands its market presence.
The information regarding the board changes at VinFast Auto is based on the company's recent SEC filing and is part of the company's regular disclosure practices to keep shareholders and the public informed of its corporate governance.
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