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At the 2026 annual general meeting held on the afternoon of April 23, 2026, Bui Cao Nhat Quan was elected Chairman of the Board of Novaland. In his remarks at the close of the meeting, Quan said he hopes founder Bui Thanh Nhon will continue to guide, supervise and inspire the company as it enters a new development phase.
Quan said the company’s leadership expects Nhon, in a strategic role, to continue steering Novaland forward. He praised the founder for laying a solid foundation and for leading the company through ups and downs to its current position.
Quan also noted that, following the AGM, the Board of Directors held a meeting and unanimously approved Bui Cao Nhat Quan as Chairman for the 2026–2031 term.
Quan said Novaland is implementing a strong, decisive reform with top priority to fulfill commitments to customers and investors. He outlined four key tasks for the upcoming phase:
Earlier, Nhon, in his opening remarks, said Novaland has built a leadership succession path that combines the experience of the current team with the upcoming generation. He described the young leadership team as “the people who have matured through challenges – who will directly run and lead the Group in the coming period.”
On April 16, before Quan formally returned to the Novaland (NVL) Board, Quan was elected Chairman of NovaGroup, replacing Nhon as part of the planned transition. After the transition, Nhon is expected to continue contributing to strategic direction and long-term vision while remaining Chairman of Nova Holding, the unit that holds the controlling stake in NovaGroup.
Quan previously served as Vice Chairman of the NVL Board and Deputy General Director (2016–2017). He also served as CEO of Saigon V.E.T (2004–2006), CEO of Nova Real Estate Investment (2007–2012), and Chairman of Thanh Nhon Real Estate.
In concluding his remarks, Quan affirmed that Novaland will restore market confidence and will actively adjust and adapt in concert with the country’s economy.
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