Central Retail achieves 3 major awards from Institutional Investor’s 2021 All-Asia Executive Team in the first year after SET listing - Siam Outlook

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Friday, July 9, 2021

Central Retail achieves 3 major awards from Institutional Investor’s 2021 All-Asia Executive Team in the first year after SET listing


Bangkok: July 9th, 2021 - Central Retail has been honored to achieve 3 prestigious awards in 3 categories of Best CEO, Best CFO and Best IR Program by Institutional Investor’s 2021 All-Asia Executive Team rankings, in the Consumer Discretionary sector, Sell Side. Institutional Investor is the US-based a leading research and international publisher, focused primarily on international finance. Central Retail won recognition as a top listed company in all 3 categories against the Rest of Asia (ex Japan-China). Yol Phokasub was named the Best CEO and Piya Nguiakaramahawongse was named the Best CFO. The company also garnered the coveted award for Best Investor Relations Program. The rankings are evaluated from the votes of over 4,000 qualified investors and research analysts participating in the 2021 survey. The judging criteria were organizational leadership and financial disclosure, investor relations, including senior executive participation in IR, accurate and timely sharing of company data with investors and analysts and the efficient implementation of corporate strategy and maintaining good governance.

Yol Phokasub, Chief Executive Officer, Central Retail Corporation PCL commented, “On behalf of Central Retail, I’d like to say that we are absolutely delighted and honored to be recognized and selected from the votes of investors and analysts in the rankings of Institutional Investor. This magazine is US based and has been the industry’s most trusted source of research for investors and analysts around the world for 50 years. We have won this prestigious award in only our first year of listing on the Stock Exchange of Thailand as Central Retail, and despite overcoming multiple challenges from the COVID-19 crisis. This reflects the confidence of investors and analysts in our vision of being “Central to Life”, as a mainstay for people’s lives and powering sustainable growth for society. This goes in parallel with our retail business leadership on the most completely conceived omnichannel platforms in Thailand. The awards also showcase the company’s capabilities in financial oversight and risk management. They highlight our communication strategy to external parties that is timely, consistent, accurate and appropriate to the situation, in the midst of the COVID-19 pandemic.”

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About Central Retail

Central Retail Corporation Company Limited (Central Retail) is the retail leader in Thailand and the flagship company at the roots of Central Group. It has a network of 3,779 branded stores (as of 31 March 2021) offering multi-category products through multi-format channels such as department stores, convenience stores, specialty stores, supermarkets, hypermarkets, plazas and online sales through omnichannel platforms. Central Retail business covers fashion products available at Central Department Store, Robinson Department Store, Robinson Lifestyle Center, Supersports, Central Marketing Group (CMG) and Rinascente; hardline products at Thai Watsadu, Baan and Beyond, Power Buy, Nguyen Kim, OfficeMate, B2S and meb; and food products at Tops Market, Tops Daily, Tops Plaza, Central Food Hall, Family Mart, Big C/GO! and Lanchi Mart. As of 31 March 2021, Central Retail has its presence in 3 countries – through 2,115 department stores and shops in 55 provinces of Thailand and 127 retail stores in Italy and Vietnam (as of 31 March 2021).

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