The Board of 'KCG Corporation Public Company Limited' or KCG resolved to appoint 'Damrongchai Vipawatanakul' as Chief Executive Officer, effective January 1, 2024, to establish management direction and promote sustainable growth for the organization.

KCG Corporation Public Company Limited or KCG, a leading manufacturer, distributor, and importer of butter, cheese, and consumer products from around the world, reported to the Stock Exchange of Thailand that the Board of Directors Meeting No. 7/2023, held on October 12, 2023, passed a resolution to approve the appointment of Mr. Damrongchai Vipawatanakul as Chief Executive Officer, effective January 1, 2024, in replacement of Dr. Watit Tamavimok, who will complete the term of office on December 31, 2023. Over the previous year, the Board has prepared Mr. Damrongchai Vipawatanakul according to the succession plan in order to assume the role of Chief Executive Officer.

Mr. Damrongchai Vipawatanakul is a qualified candidate for the position, having accumulated 33 years of experience with KCG in various capacities. This includes Deputy Managing Director in 2020 and Senior Deputy Managing Director from 2021 to the present. Mr. Damrongchai has extensive knowledge of the B2B business group (entrepreneurial clientele), maintains solid relationships with domestic and international trading partners, and has contributed significantly to the enhancement of the Dairy Product Line which is the primary source of revenue for the Company. He also maintains good relationships with international business partners who can offer new and ongoing opportunities to the Company.

Mr. Damrongchai Vipawatanakul, Deputy Executive Director of KCG, expressed his willingness to contribute his knowledge and experience in the western food and bakery industries to assist the Company in determining the future course of operations, strengthening the Company with a strategic management policy that is built upon the sustainable development framework by taking into consideration the social, environmental, and economic dimensions, committing to develop new and innovative products in every product line to drive business to sustainable growth, and emphasizing the importance of all stakeholders equally.