Country of citizenship: Thailand
Company: CP Group (CEO and Chairman)
Net Worth: $14.4 Billion (as March 2013 Forbes)
Dhanin's father, Ek Chor, form China Guangdong provinec, emigrated to Thailand with his brother, Siew Whooy, and established CP in 1921 as an agricultural seed shop.
The pair built the business aggressively, branching into production of animal feed and later, after Dhanin Joined his elders, livestock farming. marketing and distribution. By the 1970s the company had built a monopoly on poultry and egg production in Thailand and branched out from there, moving into Indonesia, Japan and Singapore through the 1970s.
The group continued diversifying and expanding, added breeding farms, food processing operations and, later, a restaurant chain. By the early 2000s it was moving into more diverse businesses including telecommunications and retailing through its 7-Eleven franchise, under which it operates nearly 6,500 stores in Thailand. (source: ft.com)
Dhanin Chearavanont Inverview and Quotes:
Q.What you think were the critical factors that allowed the CP Group to successfully transform from business into a global conglomerate? (Source: CPThailand)
" The first key factor, I believe, is unity. If a family is not united, how then can we unite our colleagues? If we don’t love our brothers or our family, how then can we go ahead to love our colleagues. So our tradition really is about the human factor and talents, and we are dependent on the human factor. Therefore we have this corporate slogan – The markets of the world can belong to our corporation, and so can the world’s foremost human talents; The markets of the world belongs to us, and so are the world’s vast resources of raw materials. Similarly, if we can gain access to it, then the world’s financial funding belongs to us as well. Therefore, of foremost importance is access to human talents. Of course, a slogan is only something that we speak of. Of greater importance, is to truly have access to human talents. Towards that purpose, we must first be united and possess love. Our family is very united. And for the sake of the company, we innovated – we introduced western-style (corporate) culture into our company 30 years ago."
Dhanin recently bought a $9.4 billion stake in Ping An Inusrance Co. from HSBC Holidings PIc in February, say he is seeking more acquisitions to tap growth in china. (Source: BankokPost)
On this contest he says,
“the Chinese market is a very good expansion opportunity for us, and we will continue looking to buy stakes and make acquisitions,”
“I am very optimistic about china’s growth,”
“we are interested in any sector with good growth potential.”
“our business is diversified across many sectors, be it supermarkets or finance. We can invest in many areas.”