•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
•
OCB, Vietnam’s Orient Commercial Bank, said Pham Hong Hai has submitted his resignation from the position of Chief Executive Officer, effective as the bank enters a new strategic phase with long-term growth objectives.
The bank noted that Mr. Pham Hong Hai served as CEO for two years. During his tenure, OCB pursued a broad strategic repositioning, business restructuring, and reorganization, including redefining target customer segments.
OCB also continued to push for digital banking and improvements to user experience, which the bank said helped strengthen its market position.
OCB said it is prioritizing the recruitment of high-quality talent to build a stable and flexible operating foundation, aimed at adapting to market fluctuations.
In his statement, Hai said: “During the time we have worked together, I have been proud that OCB is among domestic listed banks that have built safety, efficiency, and transparency.”
He added that the bank has built a strong platform and a strong team, and is ready to change to go further. Hai also said that stepping down will require different approaches, as OCB is entering a new stage with bigger goals that require updated governance and operating models in the new context.
He concluded that he believes the timing is appropriate because the organization is ready for the next step and he is ready for new challenges.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
