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VinFast says goodbye to 4 top managers as it is ready for expansion

VinFast says goodbye to 4 top managers as it is ready for expansion

A spokesman for VinFast, a unit of the Vingroup conglomerate, said it had terminated employment contracts with the four with their consent. It said two of the executives, none of whom it was named, had resigned for personal reasons.

“They all agreed to end their contracts in legal terms,” ​​the company said in a statement to Reuters. “Human resource customization is a common business practice around the world. VinFast is no exception.”

Bret, a former BMW executive, had joined VinFast in Hanoi in January and was tasked with rolling out the company’s planned overseas sales network. He was one of the executives representing VinFast at the New York Auto Show in April, when it showed prototypes of its VF8 and VF9 electric SUVs.

Euvrard, who joined VinFast in January from Tata Technologies, was tasked with developing VinFast’s all EV product line.

Hong Bae, a veteran of Samsung Electronics, Faraday Future and Fisker, joined VinFast last July.

None of the board members could be reached for comment.

A memo from the office of VinFast Chief Executive Le Thi Thu Thuy, seen by Reuters, said all executives had been fired for a range of reasons related to the quality of their work.

A company spokesperson said the memo had not been properly reviewed and had been withdrawn.

Huy Chieu, a former GM engineer, who joined VinFast last November, had been promoted to lead his EV development efforts after leading work on the VF8, according to a separate memo seen by Reuters.