Bangkok — Central Group, Thailand's leading retail and service conglomerate with a business footprint spanning Southeast Asia and Europe, has announced the appointment of its new Board of Directors. The new appointments came into effect from 1 January 2026, following the completion of the outgoing Board's term on 31 December 2025.

This transition aims to further strengthen corporate governance, enhance the effectiveness of organizational oversight, and support the Group’s long-term strategic direction.

Following the completion of the shareholder appointment process, the newly appointed Board convened a special meeting and passed resolutions to appoint the Chairman and Vice Chairmen as follows:

Central Group Board of Directors

In addition, the Board resolved to appoint Mr. Suthikiati Chirathivat as Honorary Chairman.

During the tenure of Mr. Suthichai Chirathivat, Chairman, and Mr. Suthikiati Chirathivat, Vice Chairman, together with all members of the outgoing Board of Directors, they played a significant role in establishing a solid foundation for Central Group. Their contributions included the establishment of robust management systems, the expansion of the Group’s businesses beyond Thailand, and the elevation of Thailand’s retail industry standards to achieve international recognition. Their commitment and vision continue to serve as a vital pillar supporting the Group’s ongoing progress and the seamless transition of strength to the next generation.

Profiles of the New Leadership

Prof. Emeritus Dr. Suthiphand Chirathivat, Chairman of Central Group, is a distinguished international business executive and economist with expertise in macroeconomics, trade, finance, regional economic integration, and public policy. His mastery is instrumental in guiding the strategic direction of large-scale business groups operating across Asia and Europe.

Mrs. Yuwadee Chirathivat, Vice Chairman, has a long track record in the global retail industry, with well-established proficiency in department store management, brand building, and the creation of customer experiences across markets. She has consistently led the initiation and advancement of new concepts across Central Group’s department store businesses and previously served as the first female President of the Intercontinental Group of Department Stores (IGDS).

Mr. Kobchai Chirathivat, Vice Chairman, brings comprehensive background in investment, corporate structuring, commercial real estate, and corporate governance, and has served on the boards of several listed companies, giving him in-depth understanding in-depth understanding of organizational oversight and capability within large organizations.

The combined acumen and vision of the three leaders will serve as a key driving force in shaping Central Group’s strategic direction in the new era, reinforcing the Group’s position as a leading business organization committed to robust governance principles, transparency, and world-class management standards, while enhancing organizational readiness in response to the dynamics of the world economy and evolving societal expectations.

Prof. Emeritus Dr. Suthiphand Chirathivat, Chairman of Central Group, stated:

“At the heart of organizational development is the creation of shared value that grows alongside Thai society. Central Group is committed to creating quality living spaces that reflect the unique identity of each community, while connecting people, businesses, and society—much like a large family built on deep local roots and growing into a presence on the national and international stage.

In a rapidly changing world, progress must be grounded in strong corporate governance, comprehensive oversight, and the ability to adapt across all contexts. With a firm base and the collective strength of all stakeholders, I am confident that Central Group will continue to move forward with stability while expanding its positive contribution to the economy, society, and the country over the long term.”

The appointment of the new Board of Directors marks an important milestone in further strengthening Central Group’s governance structure and advancing its organizational capacity to meet future challenges. Building on the continuity of vision from past stewardship, Central Group is confident that this transition will elevate management standards, sharpen competitiveness, and reaffirm the Group’s contribution as a key driving force for social and economic advancement in the countries in which it operates, toward sustainable development and growth.