Central Retail Corporation Management

Management criteria checks 3/4

Central Retail's CEO is Suthisarn Chirathivat, appointed in May 2025, has a tenure of less than a year. directly owns 12.38% of the company’s shares, worth THB14.78B. The average tenure of the management team and the board of directors is 2.8 years and 7.1 years respectively.

Key information

Suthisarn Chirathivat

Chief executive officer

฿315.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	12.4%
Management average tenure	2.8yrs
Board average tenure	7.1yrs

Recent management updates

Recent updates

Khun Ty-san's Leadership And Vietnam Expansion Will Propel Earnings Growth

Dec 05 Expansion in Vietnam through new malls and renovations aims to boost revenue and occupancy rates amid strong economic growth.

CEO

Suthisarn Chirathivat (57 yo)

less than a year

Tenure

฿315,000

Compensation

Mr. Suthisarn Chirathivat is Chief Executive Officer of Central Retail Corporation Public Company Limited from 1 May 2025 and also served as Director from April 25, 2025 and is Executive Director since 202...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Suthisarn Chirathivat	CEO & Executive Director	less than a year	฿315.00k	12.38% THB 14.8b
Sukulaya Uahwatanasakul	Executive Director	1.3yrs	฿405.00k	1.08% THB 1.3b
Panet Mahankanurak	Chief Financial Officer	2.8yrs	no data	no data
Yingyai Eumkhrong	Head of Controller & VP of Finance and Accounting	6.6yrs	no data	no data
Rangsirach Pornsutee	Head of Investor Relations & Risk Management	no data	no data	no data
Lasanan Leelamanee	Head of Compliance	5.5yrs	no data	no data
Busaba Chirathivat	Senior Vice President for Corporate Communications	no data	no data	no data
Panchalee Weeratammawat	Chief People Officer	less than a year	no data	no data
Philippe Broianigo	Chief Executive Officer of Property & Business Development	no data	no data	no data
Phisoot Suksangthip	Head of Internal Audit	7.1yrs	no data	no data
Olivier Langlet	Chief Executive Officer of Central Retail Vietnam	5yrs	no data	no data
Lertvit Pumipitak	President of Property & Business Development	2.2yrs	no data	no data

2.8yrs

Average Tenure

55.5yo

Average Age

Experienced Management: CRC's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Suthisarn Chirathivat	CEO & Executive Director	1yr	฿315.00k	12.38% THB 14.8b
Sukulaya Uahwatanasakul	Executive Director	2yrs	฿405.00k	1.08% THB 1.3b
Tos Chirathivat	Director	30.9yrs	฿1.58m	0.64% THB 759.2m
Pratana Mongkolkul	Independent Director	7.1yrs	฿2.91m	no data
Prasarn Trairatvorakul	Chairman	7.1yrs	฿2.61m	no data
Prin Chirathivat	Director	30.9yrs	฿1.69m	0.41% THB 486.4m
Roongrote Rangsiyopash	Non-Executive Director	4.2yrs	฿2.26m	no data
Kanchit Bunajinda	Independent Director	7.1yrs	฿1.79m	no data
Yuwadee Chirathivat	Director	7.9yrs	฿2.00m	0.28% THB 337.2m
Suthilaksh Chirathivat	Director	30.9yrs	฿1.52m	0.74% THB 888.9m
Sompong Tantapart	Independent Director	7.1yrs	฿2.66m	no data
Pakorn Peetathawatchai	Lead Independent Director	1yr	฿1.32m	no data

7.1yrs

Average Tenure

61yo

Average Age

Experienced Board: CRC's board of directors are considered experienced (7.1 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/04/10 04:32
End of Day Share Price	2026/04/10 00:00
Earnings	2025/12/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Central Retail Corporation Public Company Limited is covered by 36 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Sirichai Chalokepunrat	BofA Global Research
Nuttapon Kanwanphon	Bualuang Securities PCL
Piriyapon Kongvanich	Bualuang Securities PCL

Central Retail Corporation Management

Management criteria checks 3/4

Key information

Recent management updates

Central Retail Corporation Public Company Limited Announces Board and Audit Committee Changes

Central Retail Corporation Public Company Limited Announces Resignation of Patareeya Benjapolchai as Independent Director, Audit Committee and Chairman of the Corporate Governance and Sustainability Committee and Member of the Risk Policy Committee, Effective April 30, 2025

Central Retail Corporation Public Company Limited Announces Retirement of Yol Phokasub as Chief Executive Officer, Effective 30 April 2025

Central Retail Corporation Public Company Limited Announces Changes in Audit Committee

Central Retail Corporation Public Company Limited, Annual General Meeting, Apr 25, 2024

Central Retail Corporation Public Company Limited Announces Chief Financial Officer Changes

Recent updates

New major risk - Financial position

Full year 2025 earnings: EPS and revenues miss analyst expectations

Central Retail Corporation Public Company Limited announces Annual dividend, payable on May 08, 2026

Investor sentiment improves as stock rises 15%

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 15%

Upcoming dividend of ฿0.70 per share

Central Retail Corporation Public Company Limited Announces Special Cash Dividend, Payable on 19 December 2025

Third quarter 2025 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates increase by 12%

New major risk - Revenue and earnings growth

New minor risk - Share price stability

Harng Central Department Store Limited proposed to acquire Crc Holland B.V. from Central Retail Corporation Public Company Limited (SET:CRC) for THB 14.7 billion.

Harng Central Department Store Limited proposed to acquire la Rinascente S.p.a. from Central Retail Corporation Public Company Limited (SET:CRC) for approximately €390 million.

Second quarter 2025 earnings: EPS and revenues miss analyst expectations

Investor sentiment improves as stock rises 16%

New minor risk - Dividend sustainability

Price target decreased by 11% to ฿30.00

Central Retail Corporation Public Company Limited to Report Q1, 2025 Results on May 14, 2025

First quarter 2025 earnings: EPS exceeds analyst expectations

Upcoming dividend of ฿0.60 per share

Central Retail Corporation Public Company Limited Approves Dividend for the Year 2024, Payable on May 23, 2025

Central Retail Corporation Public Company Limited Announces Board and Audit Committee Changes

Central Retail Corporation Public Company Limited Announces Resignation of Patareeya Benjapolchai as Independent Director, Audit Committee and Chairman of the Corporate Governance and Sustainability Committee and Member of the Risk Policy Committee, Effective April 30, 2025

Dividend increased to ฿0.60

Full year 2024 earnings: EPS and revenues miss analyst expectations

Central Retail Corporation Public Company Limited Announces Retirement of Yol Phokasub as Chief Executive Officer, Effective 30 April 2025

Central Retail Corporation Public Company Limited Proposes Cash Dividend for the Operating Period from 1 January 2024 to 31 December 2024, Payable on 23 May 2025

Khun Ty-san's Leadership And Vietnam Expansion Will Propel Earnings Growth

Third quarter 2024 earnings: EPS exceeds analyst expectations

Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations

Investor sentiment deteriorates as stock falls 15%

First quarter 2024 earnings released: EPS: ฿0.36 (vs ฿0.36 in 1Q 2023)

Now 21% undervalued after recent price drop

Central Retail Corporation Public Company Limited Announces Changes in Audit Committee

Dividend increased to ฿0.55

Central Retail Corporation Public Company Limited, Annual General Meeting, Apr 25, 2024

Full year 2023 earnings: EPS in line with expectations, revenues disappoint

Central Retail Corporation Public Company Limited Proposes Dividend for the Year 2023, Payable on May 24, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Central Retail Corporation Public Company Limited Announces Chief Financial Officer Changes

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Upcoming dividend of ฿0.48 per share at 1.1% yield

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 23% undervalued after recent price drop

Upcoming dividend of ฿0.30 per share

Consensus forecasts updated

Central Retail Corporation Public Company Limited Approves Appointment of Roongrote Rangsiyopash as Independent Director and Member of the Nomination and Remuneration Committee

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Third quarter 2021 earnings released: ฿0.36 loss per share (vs ฿0.14 profit in 3Q 2020)

Director Prin Chirathivat has joined 5th company board

Director Prin Chirathivat has joined 5th company board

Director Prin Chirathivat has joined 5th company board

Director Prin Chirathivat has joined 5th company board

Director Prin Chirathivat has joined 5th company board

Second quarter 2021 earnings released: ฿0.08 loss per share (vs ฿0.43 loss in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.07 (vs ฿0.14 in 1Q 2020)

New 90-day high: ฿38.00

Analysts update estimates

Revenue and earnings beat expectations

Analysts update estimates

Analysts update estimates

Analysts lower EPS estimates to ฿0.12

New 90-day high: ฿35.00

Revenue and earnings beat expectations