Recently, Mr. Adam Sack, Investment Director of IFC Asset Management Company has officially become a Nominee Director on the Board of Directors of Mavin Group. With more than 20 years working at International Finance Corporation (IFC) and IFC Asset Management Company in many countries, Mr. Adam Sack has also worked in Vietnam and has a deep understanding about the investment and business environment of Vietnam, especially in the fields of agriculture and animal husbandry.
This is an important milestone in the cooperation between the Mavin Group and IFC after signing the Strategic Cooperation Agreement on May 12, 2022, opening a new page for the development of Mavin Group.
Mr Adam Sack (right) attended Mavin's 3rd quarter BOD meeting
The participation of Mr. Adam Sack, an expert from IFC with extensive experience in the field of investment and business, in the Board of Directors of Mavin Group will combine the strength of a leading Vietnamese agribusiness with the largest global development organization in the private sector, it not only helps develop Mavin's corporate governance, but also ensures compliance with internal standards.
As the result of signing of the Strategic Cooperation Agreement, IFC invested US$52 million to support Mavin Group in developing high-quality breeding pigs and expanding pig production capacity in Vietnam. “IFC’s support with financial resources, expertise and experience will help Mavin Group become a leader in safe pork food processing, along the “From Farm to Table” value chain in Vietnam, helping our Mavin Group to meet the world’s best pig production practices, as well as to fulfill our commitments to ensure animal welfare according to international standards”, Mr. David John Whitehead, Chairman of the Board of Directors of Mavin Group said at the signing ceremony of strategic cooperation with IFC on May 12, 2022.
Mr Adam Sack visited Mavin's feedmill in Hung Yen