MFEC Management

Management criteria checks 4/4

MFEC's CEO is Siriwat Wongjarukorn, appointed in Jan 1997, has a tenure of 27.33 years. directly owns 4.17% of the company’s shares, worth THB120.56M. The average tenure of the management team and the board of directors is 4.8 years and 11.1 years respectively.

Key information

Siriwat Wongjarukorn

Chief executive officer

฿192.0k

Total compensation

CEO salary percentage	n/a
CEO tenure	27.3yrs
CEO ownership	4.2%
Management average tenure	4.8yrs
Board average tenure	11.1yrs

Recent management updates

Recent updates

CEO

Siriwat Wongjarukorn (55 yo)

27.3yrs

Tenure

฿192,000

Compensation

Mr. Siriwat Wongjarukorn serves as the President at MFEC Public Company Limited since 1997 and as its Chief Executive Officer since 2003. Mr. Wongjarukorn serves as Executive Director at MFEC Public Compan...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sirisak Tirawattanangkul	Executive Chairman	12.8yrs	฿264.00k	2.27% THB 65.7m
Siriwat Wongjarukorn	CEO, President & Executive Director	27.3yrs	฿192.00k	4.17% THB 120.6m
Thanakorn Charlee	COO & Executive Director	no data	฿192.00k	no data
Pitch Manakijpairoj	Chief Financial Officer	3.8yrs	no data	no data
Pisit Thitihiranthikun	Legal Director & Head of Anti Corruption Team	no data	no data	no data
Surachai Khumitti	Sales Director	no data	no data	no data
Uraporn Aiedkarn	People Excellent Director	no data	no data	no data
Shimmy Thomas	Executive Consultant	no data	no data	no data
Arm Sivadit	Chief Transformation Officer	3.9yrs	no data	no data
Kitti Wintima	Chief Operating Officer of Sale Telecommunications	8.3yrs	no data	no data
Orawan Hnuntaku	Company Secretary	4.8yrs	no data	no data

4.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: MFEC's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sirisak Tirawattanangkul	Executive Chairman	12.8yrs	฿264.00k	2.27% THB 65.7m
Siriwat Wongjarukorn	CEO, President & Executive Director	16.1yrs	฿192.00k	4.17% THB 120.6m
Thanakorn Charlee	COO & Executive Director	21.3yrs	฿192.00k	no data
Suchart Thammapitagkul	Independent Director	21.3yrs	฿456.00k	no data
Kamales Santivejkul	Independent Director	8.1yrs	฿989.00k	no data
Uthai Tanlamai	Independent Director	8.2yrs	฿725.00k	no data
Anant Leetrakul	Independent Director	12.2yrs	฿456.00k	no data
Kiyotaka Nakamura	Vice Chairman	10yrs	no data	no data
Charn Tharawas	Independent Director	7.8yrs	฿725.00k	no data
Masakazu Kawamura	Additional Director	3.1yrs	no data	no data

11.1yrs

Average Tenure

71yo

Average Age

Experienced Board: MFEC's board of directors are seasoned and experienced ( 11.1 years average tenure).

MFEC Management

Management criteria checks 4/4

Key information

Recent management updates

MFEC Public Company Limited, Annual General Meeting, Apr 22, 2024

MFEC Public Company Limited, Annual General Meeting, Apr 22, 2024

Insufficient new directors

Insufficient new directors

Insufficient new directors

MFEC Public Company Limited, Annual General Meeting, Apr 25, 2022

Recent updates

Upcoming dividend of ฿0.40 per share

MFEC Public Company Limited Approves Dividend for 2023 Payable on May 17, 2024

MFEC Public Company Limited, Annual General Meeting, Apr 22, 2024

MFEC Public Company Limited, Annual General Meeting, Apr 22, 2024

Full year 2023 earnings released: EPS: ฿1.56 (vs ฿0.48 in FY 2022)

Dividend of ฿0.40 announced

Insufficient new directors

Mfec Public Company Limited Announces the Change Address of the Company's New Branch Office

Mfec Public Company Limited Announces the Change Address of the Company's New Branch Office

Second quarter 2023 earnings released: EPS: ฿0.04 (vs ฿0.094 in 2Q 2022)

Consensus EPS estimates fall by 25%, revenue upgraded

Upcoming dividend of ฿0.40 per share at 5.2% yield

Full year 2022 earnings released

Insufficient new directors

Second quarter 2022 earnings released: EPS: ฿0.09 (vs ฿0.10 in 2Q 2021)

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target increased to ฿12.55

Insufficient new directors

MFEC Public Company Limited, Annual General Meeting, Apr 25, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

MFEC Public Company Limited Proposes Cash Dividend, Payable on May 20, 2022

Investor sentiment deteriorated over the past week

Insufficient new directors

Third quarter 2021 earnings released: EPS ฿0.14 (vs ฿0.09 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS ฿0.10 (vs ฿0.068 in 2Q 2020)

First quarter 2021 earnings released: EPS ฿0.11 (vs ฿0.13 in 1Q 2020)

Upcoming dividend of ฿0.40 per share

MFEC Public Company Limited Approves Dividend, Payable on May 21, 2021

Investor sentiment improved over the past week

Full year 2020 earnings released: EPS ฿0.55 (vs ฿0.51 in FY 2019)

MFEC Public Company Limited, Annual General Meeting, Apr 26, 2021

New 90-day high: ฿5.60

Third quarter 2020 earnings released: EPS ฿0.09

New 90-day high: ฿5.10

TIS Inc. (TSE:3626) completed the acquisition of an additional 24.1% stake in MFEC Public Company (SET:MFEC).

New 90-day high: ฿4.88

New 90-day high - ฿4.82

New 90-day high - ฿4.80

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age