Vietnamese conglomerate Vingroup JSC on Monday named Vice Chair Le Thi Thu Thuy as the global chief executive officer of its automaking arm VinFast.
Thuy replaces Michael Lohscheller, who will return to Europe due to personal reasons, Vingroup said.
Thuy, who will continue to serve as vice chairwoman of Vingroup, takes over as VinFast’s chief at a time when the electric carmaker has been planning to go public in the United States.
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VinFast became the country’s first fully fledged domestic car manufacturer when its gasoline-powered models built under its own badge entered the market in 2019.
Just last month, an official said the listing may happen within the next couple of years, as the company joins a growing list of electric vehicle startups taking advantage of investor excitement to raise funds.