Bangchak Corporation Management

Management criteria checks 2/4

Bangchak's CEO is Chaiwat Kovavisarach, appointed in Jan 2015, has a tenure of 9.83 years. directly owns 0.18% of the company’s shares, worth THB81.25M. The average tenure of the management team and the board of directors is 5.8 years and 2.7 years respectively.

Key information

Chaiwat Kovavisarach

Chief executive officer

฿4.4m

Total compensation

CEO salary percentage	n/a
CEO tenure	9.8yrs
CEO ownership	0.2%
Management average tenure	5.8yrs
Board average tenure	2.7yrs

Recent management updates

Recent updates

CEO

Chaiwat Kovavisarach (58 yo)

9.8yrs

Tenure

฿4,430,000

Compensation

Mr. Chaiwat Kovavisarach, M.Eng., MBA, B.Eng., serves as Group CEO and has been the President and served as Chief Executive Officer of Bangchak Corporation Public Company Limited (also known as The Bangcha...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Chaiwat Kovavisarach	Group CEO	9.8yrs	฿4.43m	0.18% THB 81.2m
Chinkulkitnivat Phatpuree	Senior EVP of Accounting and Finance & CFO	2.1yrs	no data	no data
Gloyta Nathalang	Acting Senior Executive Vice President	3.8yrs	no data	no data
Chokchai Atsawarangsalit	Chief Transformation & Synergy Realization Officer	12.8yrs	no data	0.0069% THB 3.1m
Michael Fischer	Executive Vice President of Business Development	5.9yrs	no data	no data
Suwat Meemook	Executive Vice President of Digital Organization	6.8yrs	no data	no data
Bundit Hansapaiboon	Senior Executive Vice President of Bangchak Sriracha Public Company Limited	1.8yrs	no data	no data
Warakorn Kosolpisitkul	Executive Vice President	5.8yrs	no data	no data
Kittiphong Limsuwannarot	Senior Executive Vice President of BBGI Public Company Limited	no data	no data	no data
Sattaya Mahattanaphanij	Executive Vice President	6.9yrs	no data	no data
Saowapap Sumeksri	Executive Vice President	2.8yrs	no data	no data
Prinya Kittikarunchit	Executive Vice President of Retail Business & Marketing Business Group	2.8yrs	no data	no data

5.8yrs

Average Tenure

58yo

Average Age

Experienced Management: BCP's management team is seasoned and experienced (5.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Chaiwat Kovavisarach	Group CEO	12.1yrs	฿4.43m	0.18% THB 81.2m
Chaovalit Ekabut	Independent Director	2.8yrs	฿4.44m	0.022% THB 9.8m
Patiparn Sukorndhaman	Independent Director	less than a year	no data	no data
Achporn Charuchinda	Independent Director	2.8yrs	฿4.82m	no data
Prasong Poontaneat	Independent Acting Chairman of the Board	3yrs	฿4.84m	no data
Surin Chiravisit	Independent Vice Chairperson	1.6yrs	฿3.99m	no data
Prisana Praharnkhasuk	Independent Director	8.6yrs	฿4.85m	0.015% THB 6.5m
Porametee Vimolsiri	Independent Director	6.4yrs	฿4.83m	0.011% THB 4.9m
Paroche Hutachareon	Independent Director	less than a year	no data	no data
Narin Kalayanamit	Independent Director	2.6yrs	฿4.58m	no data
Samran Nualma	Independent Director	2.6yrs	฿4.21m	0.022% THB 9.8m
Yuttasak Raksereepitak	Independent Director	1.3yrs	฿2.06m	no data

2.7yrs

Average Tenure

64.5yo

Average Age

Experienced Board: BCP's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.

Bangchak Corporation Management

Management criteria checks 2/4

Key information

Recent management updates

Bangchak Corporation Public Company Limited Announces Resignation of Phairoj Chotikasatien as Director and Member of Sustainability and Corporate Governance Committee

Bangchak Corporation Public Company Limited Announces Board Resignations

Bangchak Corporation Public Company Limited Announces Appointment of Director and Acting Chairman of the Board of Directors

Bangchak Corporation Public Company Limited Announces Resignation of Pichai Chunhavajira as Director and Chairperson of the Board

Bangchak Corporation Public Company Limited Announces Board and Committee Changes

Bangchak Corporation Public Company Limited, Annual General Meeting, Apr 11, 2024

Recent updates

Consensus EPS estimates fall by 37%, revenue upgraded

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Bangchak Corporation Public Company Limited Announces Resignation of Phairoj Chotikasatien as Director and Member of Sustainability and Corporate Governance Committee

Bangchak Corporation Public Company Limited Announces Board Resignations

First half dividend increased to ฿0.60

Bangchak Corporation Public Company Limited Announces Interim Cash Dividend, Payable on September 17, 2024

New minor risk - Earnings quality

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus EPS estimates fall by 10%

Bangchak Corporation Public Company Limited Announces Appointment of Director and Acting Chairman of the Board of Directors

Bangchak Corporation Public Company Limited Announces Resignation of Pichai Chunhavajira as Director and Chairperson of the Board

Bangchak Corporation Public Company Limited Announces Board and Committee Changes

Bangchak Corporation Public Company Limited Approves Final Dividend for the Second Half Year 2023, Payable on April 24, 2024

Bangchak Corporation Public Company Limited Notifies to Shutdown from May 7, 2024 to June 2, 2024 for Maintenance of Bangchak Refinery

Upcoming dividend of ฿1.50 per share

Bangchak Corporation Public Company Limited, Annual General Meeting, Apr 11, 2024

Full year 2023 earnings released: EPS: ฿9.27 (vs ฿8.89 in FY 2022)

Consensus EPS estimates increase by 22%

Ratrimani Pasiphol to Assume the Position of Chief Transformation & Synergy Realization Officer of Bangchak Corporation Public Company Limited, effective November 16, 2023

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: ฿7.91 (vs ฿1.73 in 3Q 2022)

Bangchak Corporation Public Company Limited Announces Executive Changes

Consensus EPS estimates increase by 18%

Bangchak Corporation Public Company Limited Announces Mr. Boonchob Suthamanuswong Resigns as Director, and Member of the Sustainability and Corporate Governance Committee

Consensus EPS estimates increase by 15%

Bangchak Corporation Public Company Limited (SET:BCP) completed the acquisition of 65.99% stake in Esso (Thailand) Public Company Limited (SET:ESSO) from ExxonMobil Asia Holding Private Limited.

Upcoming dividend of ฿0.50 per share at 3.8% yield

Bangchak Corporation Public Company Limited Announces Interim Cash Dividend, Payable on 19 September 2023

New minor risk - Financial position

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Bangchak Corporation Public Company Limited Announces Directorate Changes

Bangchak Corporation Public Company Limited Announces Resignation of Songwit Noonpackdee as Director, Effective from June 23, 2023

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of ฿1.00 per share at 6.7% yield

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Bangchak Corporation Public Company Limited Appoints Chanvit Nakburee as a Director

Investor sentiment improved over the past week

Bangchak Corporation Public Company Limited (SET:BCP) made an offer to acquire 34.01% stake in Esso (Thailand) Public Company Limited (SET:ESSO).

Bangchak Corporation Public Company Limited Announces Resignation of Kulaya Tantitemit as Director

Consensus revenue estimates increase by 12%

Third quarter 2022 earnings released: EPS: ฿1.73 (vs ฿1.25 in 3Q 2021)

Bangchak Corporation Public Company Limited (SET:BCP) acquired 45.7% stakes in OKEA ASA (OB:OKEA).

Bangchak Corporation Public Company Limited Announces Executive Changes

Upcoming dividend of ฿1.25 per share

Bangchak Corporation Public Company Limited Announces Interim Dividend, Payable on September 13, 2022

Consensus revenue estimates increase by 24%

Second quarter 2022 earnings released: EPS: ฿3.79 (vs ฿1.21 in 2Q 2021)

Consensus EPS estimates increase by 17%

Consensus EPS estimates increase by 13%

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Consensus forecasts updated

Consensus EPS estimates increase by 12%

Upcoming dividend of ฿1.00 per share

Bangchak Corporation Public Company Limited Proposes Dividend for the Second-Half-Year Operations of 2021, Payable April 22, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Bangchak Corporation Public Company Limited to Report Fiscal Year 2021 Results on Feb 17, 2022

Bangchak Corporation Public Company Limited Announces Director Changes

Third quarter 2021 earnings released: EPS ฿1.25 (vs ฿0.57 loss in 3Q 2020)

Upcoming dividend of ฿1.00 per share

Sacgasco Limited (ASX:SGC) acquired BCP Energy International Pte. Ltd. from Bangchak Corporation Public Company Limited (SET:BCP) for AUD 1.

First quarter 2021 earnings released: EPS ฿1.68 (vs ฿3.49 loss in 1Q 2020)

Price target raised to ฿28.36

Bangchak Corporation Public Company Limited Announces Board Changes

Full year 2020 earnings released: ฿5.50 loss per share (vs ฿1.18 profit in FY 2019)

Earnings beat expectations, revenue disappoints

Bangchak Corporation Public Company Limited, Annual General Meeting, Apr 08, 2021

New 90-day high: ฿27.75

Bangchak Corporation Public Company Limited Announces Board Changes

Price target raised to ฿25.61