Vietnam's biggest beer producer Sabeco to have new CEOThe Deputy CEO of the scandal-hit Sabeco seems likely to become CEO of the beer giant after the position remained vacant for months and led to its recent leadership crisis. Vu Quang Hai, as Deputy CEO of Sabeco was illegal. Le Hong Xanh, Deputy CEO of the Saigon Beer Alcohol-Beverage Joint Stock Corporation (Sabeco) was named as a candidate for the CEO position in the brewer’s proposal sent to the Ministry of Industry and Trade (MoIT) on July 20, according to sources close to the matter. Sabeco has charter capital of VND6.4 trillion ($288 million), with State capital accounting for 89.59 per cent. If the proposal is approved Mr. Xanh, born in 1957, who is also a member of Sabeco’s Board of Management, will take over the CEO position that has been temporarily filled by Chairman Mr. Vo Thanh Ha since January.

Source: VietNamNet News July 22, 2016 08:37 UTC