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VDM chief executive Dongyi Hua has moved to a part-time role, focusing on the growth of the company's mining division.

VDM names new CEO

VDM Group shares surged on news the company’s chief executive has stepped aside, with former BGC Contracting manager Sam Diep to take the helm.

Dongyi Hua, who has served as VDM’s chief executive for nearly three years, will transition to a part-time role as the company’s executive director, mining, and will focus on the growth of the business’s mining division.

Replacing Mr Hua, Mr Diep will join the company at the end of the month to become VDM’s new CEO.

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VDM Group (VMG)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 30/06/16

1 year TSR5 year TSR
395thFrankland River Olive Company0%-19%
484thMustera Property Group-15%0%
506thVDM Group-20%-43%
541stPhylogica-26%-26%
750thiWebGate-94%-60%
755 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/03/15
$172k Bought
04/12/14
$30k Bought
03/02/14
$4.0m Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

111th↓VDM Group$1.3m
113th↑Mustera Property Group$1.2m
114th↓Frankland River Olive Company$1.1m
116th↑iWebGate$929k
117th↓Phylogica$829k
196 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from VDM Group

685thPadraig O'Donoghue$239k
469thMichael Fry$76k
1378thHiuming Luk$64k
Ranked by total remuneration from all listed WA companies

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