PEN executive resigns from multiple leadership roles

On August 28, 2025, Petrolimex Installation No.III Joint Stock Company (PEN) announced the receipt of a resignation request from Mr. Nguyen Huy Nhan, the director of Ba Hom Branch and corporate governance officer. Mr. Nhan, born on August 15, 1963, cited health issues including declining eyesight and insufficient knowledge of information technology and English as reasons for his decision.

Mr. Nhan's resignation will see him step down from his roles as director of Ba Hom Branch, corporate governance officer, head of the legal department, and company secretary of the board of directors. He will, however, continue to serve as director of Branch 38 Dong Khoi to finalize the branch's dissolution. Previously, after his retirement on August 31, 2025, Mr. Nhan had extended his employment for an additional year until August 31, 2025.

The company stated that this information was published on its website on August 29, 2025, and assured that the disclosed information is accurate and legally binding. The formal disclosure was made in Ho Chi Minh City on August 29, 2025, and submitted to the Hanoi Stock Exchange.