Nirvana Development Management

Management criteria checks 2/4

Nirvana Development's CEO is Sornsak Somwattana, appointed in Jan 2021, has a tenure of 3.33 years. directly owns 26.59% of the company’s shares, worth THB764.01M. The average tenure of the management team and the board of directors is 3.3 years and 2.8 years respectively.

Key information

Sornsak Somwattana

Chief executive officer

฿430.1k

Total compensation

CEO salary percentage	n/a
CEO tenure	3.3yrs
CEO ownership	26.6%
Management average tenure	3.3yrs
Board average tenure	2.8yrs

Recent management updates

Recent updates

CEO

Sornsak Somwattana (49 yo)

3.3yrs

Tenure

฿430,108

Compensation

Mr. Sornsak Somwattana has been Chief Executive Officer at Nirvana Development Public Company Limited (formerly known as Nirvana Daii Public Company Limited) since 2021 and serves as its Director. Mr. Somw...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Anothai Xanthavanij	CFO & Director	1.8yrs	฿86.40k	no data
Jiradej Nusthit	Executive VP of Business Support Group & Chief Investment Officer	2.7yrs	no data	no data
Chanapat Techatantiwong	Chief Marketing Officer	no data	no data	no data
Ronnachai Trisunan	Chief Development Officer & Executive VP of Development Support	no data	no data	no data
Sornsak Somwattana	CEO & Director	3.3yrs	฿430.11k	26.59% THB 764.0m
Nimit Poonsawat	Chief Operating Officer	no data	no data	no data
Anuchart Angsumethangkoon	Senior Executive Vice President	no data	฿333.00k	3.87% THB 111.3m
Surapong Jiem-On	Executive Vice President of Business Unit 3	8.3yrs	no data	no data
Nantachart Kliebphipat	Executive Vice President of Business Unit 1	no data	no data	no data
Piyorot Loughajareonyos	Company Secretary	5.4yrs	no data	no data

3.3yrs

Average Tenure

55yo

Average Age

Experienced Management: NVD's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Anothai Xanthavanij	CFO & Director	1.8yrs	฿86.40k	no data
Sornsak Somwattana	CEO & Director	no data	฿430.11k	26.59% THB 764.0m
Kampanart Lohacharoenvanich	Independent Director	6.1yrs	฿685.11k	no data
Saran Supaksaran	Independent Director	no data	฿408.99k	no data
Kukiat Srinaka	Independent Vice Chairman of the Board	2.8yrs	฿373.99k	no data
M.L. Thongyai	Independent Director	3.3yrs	฿373.99k	no data
Vichien Jearkjirm	Chairman of the Board of Directors	3.3yrs	฿502.19k	0.59% THB 17.1m
Chatchai Piyasombatkul	Director	2.8yrs	฿563.99k	33.38% THB 959.2m
Virasak Sutanthavibul	Independent Director	2.8yrs	฿567.77k	no data

2.8yrs

Average Tenure

62yo

Average Age

Experienced Board: NVD's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Nirvana Development Management

Management criteria checks 2/4

Key information

Recent management updates

Nirvana Development Public Company Limited Approves Appointment of Sudhikrit Thanombooncharoen as Director

High number of new directors

Nirvana Daii Public Company Limited Announces Executive Changes

Nirvana Daii Public Company Limited Announces CFO Changes

Nirvana Daii Public Company Limited Announces Chief Financial Officer Change

High number of new and inexperienced directors

Recent updates

Nirvana Development Public Company Limited Approves Dividend for the Operating Results from 1 January 2023 to 31 December 2023, Payable on May 21, 2024

Nirvana Development Public Company Limited Approves Appointment of Sudhikrit Thanombooncharoen as Director

Upcoming dividend of ฿0.026 per share

Upcoming dividend of ฿0.026 per share

Dividend reduced to ฿0.026

Nirvana Development Public Company Limited Proposes Dividend for the Period from January 1, 2023 to December 31, 2023, Payable on May 21, 2024

Full year 2023 earnings released: EPS: ฿0.13 (vs ฿0.13 in FY 2022)

Third quarter 2023 earnings released: EPS: ฿0.02 (vs ฿0.013 in 3Q 2022)

Second quarter 2023 earnings released: EPS: ฿0.011 (vs ฿0.009 in 2Q 2022)

First quarter 2023 earnings released: EPS: ฿0.022 (vs ฿0.10 in 1Q 2022)

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 21%

Upcoming dividend of ฿0.06 per share at 3.0% yield

Full year 2022 earnings released: EPS: ฿0.13 (vs ฿0.26 in FY 2021)

Third quarter 2022 earnings released: EPS: ฿0.01 (vs ฿0.08 loss in 3Q 2021)

High number of new directors

Second quarter 2022 earnings released: EPS: ฿0.009 (vs ฿0.003 loss in 2Q 2021)

Nirvana Daii Public Company Limited Announces Executive Changes

Nirvana Daii Public Company Limited Announces CFO Changes

Nirvana Daii Public Company Limited Announces Chief Financial Officer Change

First quarter 2022 earnings released: EPS: ฿0.10 (vs ฿0.027 in 1Q 2021)

Nirvana Daii Public Company Limited to Report Q1, 2022 Results on May 09, 2022

High number of new and inexperienced directors

Inaugural dividend of ฿0.014 per share

Nirvana Daii Public Company Limited, Annual General Meeting, Apr 22, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Nirvana Daii Public Company Limited Proposes Dividend

Third quarter 2021 earnings released: ฿0.09 loss per share (vs ฿0.048 profit in 3Q 2020)

Independent Director Tawatchai Sudthikitpisan has left the company

Vice Chairman of the Board of Directors Kittsanan Kittamaytrapemadej has left the company

Second quarter 2021 earnings released: ฿0.003 loss per share (vs ฿0.023 loss in 2Q 2020)

Chatchai Piyasombatkul made an offer to acquire remaining 75% stake in Nirvana Daii Public Company Limited (SET:NVD) for THB 2.6 billion.

First quarter 2021 earnings released: EPS ฿0.03 (vs ฿0.007 loss in 1Q 2020)

Nirvana Daii Public Company Limited, Annual General Meeting, Apr 21, 2021

Full year 2020 earnings released: ฿0.037 loss per share (vs ฿0.021 profit in FY 2019)

New 90-day high: ฿2.76

Nirvana Daii Public Company Limited Announces the Change of Directors

New 90-day high: ฿2.58

Nirvana Daii Public Company Limited Announces Management Changes

New 90-day high: ฿2.46

New 90-day high: ฿1.25

Third quarter 2020 earnings released: EPS ฿0.048

New 90-day low: ฿1.03

New 90-day low - ฿1.15

First half earnings released

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age