Fram Skandinavien AB (publ) changes back to previous Group Finance Director
As part of Fram Skandinavien’s initiatives to drive cost efficiency in its overhead structure, the Group has decided to change back from Tuyet Phan at Mazars, to its previous Group Finance Director, Son Ngo (also on a part time basis).
The current Group Finance Director’s contract will expire on the 31st of May. As of the 1st of June, Son Ngo will again come back into his role as the Group Finance Director. In contrary to earlier, Son Ngo can now be engaged on a part-time basis and the Company deems this setup more efficient than engaging a Group Finance Director via an external agency like Mazars.
With this change and assuming the proposals of the AGM are approved, Fram Skandinavien will have reduced the total annual costs for combined and changed CEO, Finance Director and Chairman roles by ca. -66% (or ca. 1.75 MSEK) year over year, as of June 2024.
Son Ngo was Group Finance Director for Fram mid 2021 to Jan 2024. Prior to joining Fram, he held various leading positions in finance, audit and investments. Son has previously worked as CFO in CIC Highlands and Heart of Darkness Brewery. Prior to that, Son was with E&Y for almost a decade. Son also has a strong investment understanding as he was previously an Associate Director at the private equity fund VOIF (Vietnam Oman Investment Fund). Son Ngo was educated at the University of Economics HCMC, Bachelor in Finance and ACCA.
