Sabeco tải bet88 change General Director

The Saigon Beer - Alcohol - Beverage Corporation (Sabeco) announced the appointment of a new senior leader at its recent annual general meeting (AGM).

Mr. Lester Tan Teck Chuan has been appointed General Director of Sabeco effective from October 1, 2023.

Mr. Chuan is currentlyChief Beer Business Thailandat Thai Beverage PLC, a role he assumed in 2020. He will succeed Mr. Bennett Neo Gim Siong, who will complete his five-year term as General Director and return tải bet88 the head office at the end of September.

“I would like tải bet88 take this opportunity tải bet88 thank Mr. Siong for his sterling contributions tải bet88 Sabeco during his five-year tenure as General Director,” said AGM Chairman and Board Member Mr. Michael Chye. “The transformation journey spearheaded by Mr. Siong since 2018, progressing from Phase 1 tải bet88 now Phase 2, leaves Sabeco on a sound footing for sustainable success. Some of the initiatives kick-started by Mr. Siong, including the relaunch of the Bia Saigon and 333 brands in 2019, the launch of the new mass premium Bia Saigon Chill in 2020, Sabeco 4.0, performance-based salary restructuring, brewery expansion projects, and recent brewery acquisitions were instrumental in the transformational success of Sabeco, building a solid foundation for further success.”

Mr. Chye also noted that Mr. Siong is a great supporter of CSR and has championed many activities, notably the “Rise with Vietnam” relay in 2020, where Sabeco dedicated its 145th anniversary celebratory efforts tải bet88 helping with vulnerabilities during the Covid-19 pandemic by joining hands with the government. “Mr. Siong will continue tải bet88 lead Sabeco until the end of September and ensure a smooth transition tải bet88 Mr. Chuan,” he added.

Sabeco reported record performance in 2022 at the AGM, with after-tax profits growing 40 per cent tải bet88 VND5.5 trillion (9 million).

It has set a revenue target this year of VND40.272 trillion (.7 billion) and after-tax profit of VND5.775 trillion (1 million), 15.1 per cent and 5 per cent year-on-year increases, respectively.

Sabeco will continue tải bet88 step up its transformation journey with greater focus, tải bet88 improve its position in the domestic market and expand its penetration internationally through strategic efforts in sales and marketing activities, developing a stronger product portfolio, and strengthening its route tải bet88 market and distribution, while continuing tải bet88 drive production and supply chain efficiencies and digitizing business processes within Sabeco.

Together with its business development objectives and action plans, Sabeco will continue tải bet88 reinforce its 4Cs sustainable development commitment, which includes driving ESG initiatives that are in line with its corporate goals and Vietnam’s national strategies. It is committed tải bet88 continuing its effort as a proud, prominent, and responsible corporate citizen tải bet88 support its ambition tải bet88 bring out the best of Vietnam.

Mr. Chye said the business environment remains challenging with various uncertainties driven by the global economy and unpredictable and fierce competition. “However, we remain committed tải bet88 investing in opportunities that drive long-term growth and increase shareholder returns,” he added. “This will enable us tải bet88 reward our shareholders with dividends that are sustainable and in line with the company’s long-term growth prospects.”