On 1 November 2024, Novaland Group announces the appointment of Mr. Duong Van Bac as Chief Executive Officer of the Group.

No Va Land Investment Group Corporation (Novaland, ticker: NVL) has just accounced its Board Resolution no. 41/2024-NQ.HDQT-NVLG on the appointment of Mr. Duong Van Bac as Chief Executive Officer of Novaland Group. This appointment is part of the strategic plan in perfection of the senior management team, a significant step in the Group’s comprehensive restructuring process, to ensure Novaland’s strong footing in its endeavours to overcome challenges and develop in a sustainable manner.

Mr. Duong Van Bac will officially assume the Chief Executive Officer position from 1 November 2024, replacing Mr. Dennis Ng Teck Yow, who will focus on his role as a member of the Board of Directors of Novaland.

Mr. Duong Van Bac – new Chief Executive Officer of Novaland

Mr. Duong Van Bac has over 17 years of experience in finance and real estate, with in-depth and diverse expertise in fundraising, investment and valuation. Having been multiple leadership positions in the fields of finance and real estate, Mr. Bac joined Novaland since August 2023 as Chief Financial Officer, and subsequently was appointed Deputy Chief Executive Officer in September 2024. In his short tenure at Novaland, he has demonstrated outstanding capabilities in management and made significant contributions to the restructuring process of the Group.