VinFast parts ways with 4 top executives as it readies expansion
Four senior executives at VinFast have left the company as they plan to launch in the United States and Europe.
The executives that left are:
- Emmanuel Bret, deputy chief executive officer for global sales
- Franck Euvrard, deputy CEO for product development
- Hong Bae, deputy CEO for vehicle technology development
- Bruno Tavares, chief finance officer
FOUR senior executives at Vietnam’s VinFast have left the electric-vehicle startup as it prepares to launch its first overseas model and roll out a network of showrooms in the United States and Europe, the company said.
The recent round of departures comes as it prepares to start construction of a US$4-billion factory in North Carolina, open its first showrooms in California, move toward a potential initial public offering of shares and seek financing from the US government.
The executives who have left are Emmanuel Bret, deputy chief executive officer for global sales; Franck Euvrard, deputy CEO for product development; Hong Bae, deputy CEO for vehicle technology development and Bruno Tavares, who was chief finance officer, the company said.
A spokesman for VinFast, a unit of conglomerate Vingroup, said it had “ended labour contracts” with the 4 with their consent. It said 2 of the executives, whom it did not name, had resigned for personal reasons.
“All of them agreed to end their contracts in legal terms,” the company said in a statement to Reuters. “Adjustment in human resources is a common business practice around the world. VinFast is no exception.”
