22:56 (GMT +7) - Friday 16/11/2018

Business

New CEO for Cho Tot

Released at: 13:35, 01/11/2018

New CEO for Cho Tot

New CEO Nguyen Ngoc Hai Duong (Photo: Cho Tot)

Ms. Nguyen Ngoc Hai Duong takes over reins at classifieds platform.

by Minh Do

Cho Tot has officially announced the appointment of Ms. Nguyen Ngoc Hai Duong as CEO.

“We’re very pleased to appoint Hai Duong as Cho Tot’s new CEO,” said Mr. Johan Rostoft, Managing Director of 701Search Group. “She has a demonstrated track record of successful initiatives that have contributed tremendously to Cho Tot’s growth since its first days. Known as a transformational leader who constantly embraces change, promotes innovation, and fosters a workplace culture of ownership and autonomy, Hai Duong together with the team will definitely bring Cho Tot to the next level and serve millions of Vietnamese better every day.”

“I’m humble, and excited at the same time, to succeed Mr. Bryan Teo as Cho Tot’s CEO,” Ms. Hai Duong said. “In the past six years at Cho Tot, I have been proud to have been part of a passionate and zealous team turning Cho Tot into the leading marketplace in Vietnam. I would also like to take this opportunity to thank Bryan for his inspiring vision and leadership, which have contributed significantly to Cho Tot’s steady growth during the past few years. Moving forward, we will continue innovating to make Cho Tot a better platform for Vietnamese and a greater place to work for our employees.”

Ms. Nguyen Ngoc Hai Duong was born in 1987 and has worked for some seven years at Cho Tot, since graduating with a Masters from the National University of Singapore. She has held a number of important positions at Cho Tot, such as Head of Marketing and Head of Business Development, and was promoted to COO in January 2016.

After seven years as CEO and successfully growing the site from a startup to become the leading online classifieds site in Vietnam. Mr. Teo will return to Singapore as COO of 701Search Group.

“It’s been a rewarding and inspiring journey to co-found Cho Tot and build it into the leading online classifieds site that fulfills millions of Vietnamese’ daily needs,” he said. “I feel extremely confident that Ms. Hai Duong will build on the exemplary work of Cho Tot and lead the talented and devoted team towards a bright future.”

In the first six months of 2018, Cho Tot has been growing steadily, with an increase of 13 per cent in visitors and 14 per cent in successful transactions compared to the same period last year. In addition to its core online classifieds, Cho Tot recently also invested heavily in the three categories with prominent supply and demand traffic: Vehicle, Real Estate, and Electronics.

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