Ricons announced a series of senior personnel changes yesterday (27/5). Specifically, Pham Quan Luc assumed the position of chairman of the board of directors, replacing Nguyen Sy Cong. Luc, 52 years old, previously held many important roles such as site manager, department director, and deputy general director at Coteccons. He left Coteccons late last year, subsequently joining Ricons.

On its website, Ricons stated that the new chairman possesses extensive management experience and a strong sense of responsibility. His task is to collaborate with the executive board to outline the company's long-term development objectives.

On the same day, Ricons appointed Tran Quang Quan as chairman of the strategic council and promoted Nguyen Hieu, 39 years old, to general director.

Luc and Hieu concurrently became the company's legal representatives.

Pham Quan Luc. Photo: _Ricons Website_

In its announcement, Ricons stated that its senior management team has many years of dedication and deep understanding of the company's operations. This ensures continuity in strategic direction and timely response to growth requirements. Ricons added that in the coming period, it will focus on enhancing management quality, strengthening its team, and increasing construction and project management capabilities.

Ricons was established in 2004 under the leadership of Nguyen Ba Duong, former chairman of the Board of Directors of Coteccons. The company is a prominent general contractor for construction, mechanical and electrical systems, design and build projects, and construction investments in the market. Ricons' project portfolio spans the entire country, with notable contributions to several components at Long Thanh International Airport.

After leaving Coteccons, Duong and his associates shifted their focus to managing the Ricons group, along with other brands such as: Newtecons, BM Windows, Sol E&C, and Boho.

Last year, Ricons reported a revenue of 9,042 billion VND and a post-tax profit of 377 billion VND. The company's total assets were approximately 7,700 billion VND, with equity close to 3,000 billion VND.

Ricons had previously filed for public company registration in 2007, intending to list on the stock exchange. However, this plan was delayed for many years. Earlier this year, the State Securities Commission revoked its public company status because the company failed to register its shares with the Vietnam Securities Depository and Clearing Corporation (VSD) and did not list or register for trading on the stock exchange.

Phuong Dong