Frasers Property Thailand announces new executive leadership team for Thailand’s first fully integrated real estate platform
- Frasers Property Thailand’s residential, industrial and commercial property portfolio will be led by an executive leadership team of five industry veterans with proven track record
- New structure and leadership team effective 1 October 2020
Frasers Property (Thailand) Public Company Limited or “FPT”, today announced the new organization structure and the appointment of the new executive leadership team, which will help lead Thailand’s first fully integrated real estate platform with a diversified portfolio spanning residential, industrial and commercial properties. The new structure will help create a financially stronger industry leader in real estate, while enabling FPT to balance its business interests, develop new revenue streams and resilience in a challenging business environment. The structure and executive appointments will be effective 1 October 2020.
Mr. Panote Sirivadhanabhakdi, Group Chief Executive Officer of Frasers Property Limited, had earlier announced the appointment of Thanapol Sirithanachai as Country Chief Executive Officer (CEO) – Frasers Property Thailand, which was effective 17 August 2020. In addition, Mr. Thanapol is named as Chief Executive Officer – Commercial Property Business or “Frasers Property Commercial”, effective 1 October 2020.
“Frasers Property Thailand will have a key role in achieving sustainable growth for the Group which develops, owns and manages a diverse, integrated portfolio of properties. The new organizational structure and executive team will help position the new Frasers Property Thailand to help navigate market challenges and better serve our customers, while tapping on the Group’s multinational network,” said Mr. Panote Sirivadhanabhakdi, Group Chief Executive Officer, Frasers Property Limited. “I look forward to working with some of the most talented and experienced leaders in our industry. I have shaped this leadership team with a view to work as one team to support the Group’s priorities and foster a common culture built on a powerful foundation of unmatched competitive advantage, trust and teamwork, ready to begin a new chapter to achieve further successes.”
“We will work under the ‘Real Estate as a Service’ concept whereby we take advantage of customer insights to create places and experiences that matter for our customers. I have confidence in Mr. Thanapol Sirithanachai and the newly appointed leadership team’s abilities to lead FPT through the next phase of our strategic journey to become the first fully integrated real estate platform in Thailand,” Panote added.
Under this new structure, the executive leadership team will include the following four appointments that will support Mr. Thanapol Sirithanachai, effective 1 October 2020:
Mr. Saenphin Sukhee will be appointed as Chief Executive Officer – Residential Property Business, Frasers Property (Thailand) Public Company Limited or “Frasers Property Home”. He will play an important role in setting the Company’s strategies in order to encourage continual growth in order that the Company will be a market leader in both the low rise and high rise Residential Property sector. His plan is to introduce new innovations and adjust them in order to satisfy the various demands of the customers with the main focus on creating a high value quality of life for the residents.
Mr. Sopon Racharaksa will be appointed as Chief Executive Officer – Industrial Property Business, Frasers Property (Thailand) Public Company Limited or “Frasers Property Industrial”. He will be responsible for growing and maintaining the company’s strong position as a leader in the development of industrial properties as well as the development of Built-to-Suit industrial properties with a focus on delivering solutions to meet the various needs of each customer.
Mr. Somboon Wasinchutchawal will be appointed as Chief Financial Officer of Frasers Property (Thailand) Public Company Limited. He will be responsible for overseeing financial management and strategy.
Mr. Supparat Sivapetchranat Singhara Na Ayutthaya will be appointed as Chief Digital Officer of Frasers Property (Thailand) Public Company Limited. He will be responsible for technological and digital management while determining strategy relevant to changing trends.
“I am truly honored to be trusted by Mr. Panote Sirivadhanabhakdi and all members of the board to lead the team at Frasers Property Thailand to become a leading fully integrated real estate platform in Thailand with a portfolio spanning residential, industrial, and commercial properties,” said Mr. Thanapol Sirithanachai, Country Chief Executive Officer, Frasers Property Thailand. “This appointment of the executive team is an important step forward for the company. It is the first big step as we are working to cope with business challenges during these difficult times when businesses are facing rapid changes and need to respond fast. On behalf of the executive team, I would like to stress that we are committed to achieving sustainable growth for the benefit of the company, shareholders and all stakeholders.”
About Frasers Property (Thailand) Public Company Limited
Frasers Property (Thailand) Public Company Limited or “Frasers Property Thailand”, which is listed on the Stock Exchange of Thailand under the trading ticker “FPT”, is a subsidiary of Frasers Property Limited. By acquiring Golden Land Property Development Public Company Limited or “GOLD”, Frasers Property Thailand has become the first fully integrated real estate platform in Thailand with portfolio spanning across residential, industrial, and commercial properties.
Frasers Property Thailand is a sponsor and manager of the Frasers Industrial Real Estate Investment Trust and Leasehold Property, or FTREIT, which is currently the largest industrial and logistics trust in Thailand. The company is also the sponsor and manager of the Golden Ventures Leasehold Real Estate Investment Trust, or GVREIT, for commercial property investment. FPT, FTREIT and GVREIT are companies and trusts that are listed on the Stock Exchange of Thailand.
For more information on Frasers Property, please visit www.frasersproperty.co.th
About Frasers Property Limited
Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Group”), is a multinational company that develops, owns and manages a diverse and integrated portfolio of properties. Listed on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$38.7 billion as of 30 March 2020.
Frasers Property’s assets range from residential, retail, commercial properties to hotels and business parks to logistical and industrial estates in Southeast Asia, Australia, Europe and China. Its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities across Asia, Australia, Europe, the Middle East and Africa. The Group is unified by its commitment to delivering enriching and memorable experiences to all its customers and stakeholders by leveraging its expertise and capabilities across numerous markets and property sectors to deliver enhanced value in its multiple asset classes.
Frasers Property is also the sponsor of three real estate investment trusts and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust are focused on retail, commercial and business parks, as well as logistical and industrial properties, respectively. Frasers Hospitality Trust (which comprises Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, Frasers Property Thailand is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on logistics & industrial properties in Thailand and is listed on the Stock Exchange of Thailand, and Golden Land Property Development Public Company Limited (GOLD), which is the sponsor of Golden Venture Leasehold Real Estate Investment Trust (GVREIT), focused on commercial properties.
The Group is committed to bringing valuable experiences for all its customers and stakeholders. Thanks to its team of experienced employees with great operational expertise, the Group is working on adding extra value to all its products and services.
For more information on Frasers Property, please visit www.frasersproperty.com
