The Petrolimex Board of Directors issued a resolution officially removing Hai from his position as CEO and suspending his role as a board member, following a decision by the Ministry of Finance earlier in May to temporarily suspend Hai’s representation of the state capital at the corporation.

Previously, after the suspension of Hai’s duties, the Ministry of Finance appointed Board Chairman Pham Van Thanh - the corporation’s legal representative - to temporarily oversee operations as of May 8. Thanh was also entrusted with managing the state capital stake formerly represented by Hai.

Born on August 11, 1974, in Hai Phong, Dao Nam Hai holds master’s degrees in both law and business administration. Before becoming CEO of Petrolimex, Hai served as Deputy CEO of the corporation.

He was appointed Deputy CEO of Petrolimex on October 1, 2017, and previously held the position of CEO at Petrolimex Insurance Corporation (Pjico).

Prior to his executive roles at Petrolimex, Hai held several other senior positions, including Board Member at Pjico (2009), CEO of Pjico (March 2013), Board Member at Petrolimex Construction and Installation Group 1 JSC (March 2013), and Independent Board Member at Vietnam National Reinsurance Corporation (April 25, 2013).

Hanh Nguyen