Earlier, the Board of Directors of CMC Corporation (CMC) approved a Resolution designating Mr. Pham Ngoc Bac as Acting CEO of CMC Technology and Solution (CMC TS) to succeed Mr. Ho Thanh Tung whose term of office is about to expire. The Resolution went into force on 1 February 2024. The management of CMC claims that this move aligns with the company's five-year strategic goals, which include strengthening CMC leadership's managerial abilities and facilitating the growth of the company's core digital transformation technology business.

Mr. Pham Ngoc Bac is presented with the Decision on appointing Acting CEO of CMC TS and flowers of congratulations by Mr. Nguyen Trung Chinh - CMC Executive President/ Chairman of Board of Directors

Born in 1980, Mr. Pham Ngoc Bac is an alumnus of Hanoi University of Science and Technology. He also graduated from University of Hawaii with an EMBA, and at CMC, he is well-known for being a creative leader with a wealth of business management knowledge. Before this, Mr. Pham Ngoc Bac had worked in the IT sector for twenty years, holding a variety of positions at major companies such as Vietnam Electricity Corporation, SSI Securities Company and CMC Corporation. He joined CMC in 2020 and held management and leadership roles at both CMC Corp. and CMC TS before formally taking on the role of Deputy CEO/Managing Director of the latter. Mr. Pham Ngoc Bac is well-versed in the business operations of the company, including those of the technology and digital transformation department, as well as business solutions and clientele in the banking, finance, and insurance industries. During his two years as Deputy CEO/Managing Director, he and his team faced and overcame multiple obstacles in the challenging economic conditions.

Mr. Nguyen Trung Chinh, Chairman of the Board of Directors/Executive President of CMC Corporation, said during the inauguration ceremony that Mr. Pham Ngoc Bac has held numerous positions, surmounted numerous obstacles, and achieved amazing things. For this reason, the Board of Directors of the Corporation has chosen to entrust him with a new role. "I expect Mr. Bac and the Management of CMC TS to synthesize the energy that the company has accumulated over the years and turn that experience into a heritage, thereby promoting the strengths and development of CMC TS in the coming time".

Mr. Pham Ngoc Bac speaks at the ceremony to receive the Decision on appointing Acting CEO of CMC TS

This appointment aims to bolster CMC TS senior leadership’s capabilities and support the execution of the strategy for the 2024-2029 period. Over the next 5 years, CMC TS wants to increase the operational effectiveness of every business division and position itself as the market leader in cloud computing, security, data and analytics, software, digital transformation, and IT services in Vietnam. Simultaneously, CMC TS will continue to keep up its national market share and revenue growth, and create new business segments.

“In order to guarantee the best performance and work toward the company's objective of rapid but sustainable growth as well as to support CMC's long-term growth, CMC TS will pursue new goals and work to be creative and optimize its operations, production, and business processes in the near future”, said Mr. Pham Ngoc Bac – Acting CEO of CMC TS.

Management of CMC Corporation and representatives of member companies take a photo to congratulate the Acting CEO of CMC TS at the inauguration ceremony

Since its founding on 11 April 2019 after four member companies of CMC Corporation merged, CMC TS has experienced rapid growth and notable business successes. Affirming that it is the leading company in Vietnam for consulting and executing security and digital transformation solutions for businesses and organizations, the company concentrates on seven big moves including: Digital Transformation, Cloud Computing, Security, Smart City, Smart Manufacturing, Digital Banking and Finance, and Made by CMC Solutions. In the fiscal year 2022, it brought in VND 3,700 billion in sales, and its earnings increased at a rate of 20% annually on average. Presently, CMC TS serves as a senior partner to about 150 multinational technology businesses, including major players like Microsoft, Amazon, IBM, Oracle, Dell Technologies, HPE, and so forth.

CMC Corporation’s Board of Directors decided that now is the appropriate moment to reorganize the leadership positions and get ready for the next phase of growth. The management of CMC TS will carry on, improve, and build upon the accomplishments of the company over the previous five years. Growing the business of strategic service solutions, improving employee and customer experiences, streamlining internal management, fostering corporate culture, and entering foreign markets are among the top priorities. Additionally, the new management wants CMC to raise its profits by 35% annually and its revenue by 20% on average each year.

Meanwhile, Mr. Ho Thanh Tung's tenure as CEO of CMC TS came to an end, and he ceased to hold the position effective 1 February 2024. Mr. Ho Thanh Tung will continue to serve as CMC Corporation's CEO and Senior Executive Vice President after having delegated the responsibility for managing CMC TS to his successor. Together with the appointment of the Acting CEO, CMC also decided to fill other senior positions by appointing Mr. Le Anh Linh as Deputy CEO/Chief Sales Officer (CSO), Mr. Le Minh as Chief Technology Officer (CTO) (reappointment), and Ms. Hoang Thi Kim Hue as Chief Financial Officer (CFO), in addition to Mr. Pham Van Trung, who is currently Deputy CEO of CMC TS and in charge of Ho Chi Minh City branch.