Give your CEO helpful pressure

Economy March 24, 2014 00:00

By The Nation

2,797 Viewed

Pratana Mongkolkul, chairwoman of the executive committee of Mc Jeans maker Mc Group Plc, has given some tips for firms striving to grow through mergers and acquisitions.

Pratana said the key performance index for a chief executive should tie the CEO’s performance evaluation with their ability to acquire companies. “The CEO will do everything to get it [a new company],” said the former CFO of the Minor Group at a recent Thailand Management Association’s conference that she moderated.
Typically, Pratana has two acquisition targets: a senior owner who has no apparent heir, and a young owner who has ambitions to grow the company. 
Panu Narongchaikul and Vararit Plengvanit are the co-founders of Time Deco, a distributor of imported fashion watches in which Mc acquired a majority stake for Bt210 million last year.
They fall into the second category.
Assuring the participants at the confer-ence of the effectiveness of her tips, Pratana said she had already met one acquisition prospect during a break at the event.
TAT governor’s morning task
As the governor of the Tourism Authority of Thailand, Thawatchai Arunyik has to make domestic and overseas trips very often. But regardless of where and how busy he is, the governor rarely misses doing 30 minutes of meditation every workday morning and an hour on Saturday and Sunday. 
Sometimes Thawatchai has to wake up at 3am to meditate due to his busy schedule. 
He committed himself to the lifestyle several years ago. 
A marathoner CEO
Thiraphong Chansiri, president and chief executive of Thai Union Frozen Products Plc, loves reading, collecting antiques and works of art, and marathon running. 
The 48-year-old boss recently joined his firm’s sixth annual mini-half marathon and finished the 20km run. 
About 4,000 TUF staff took part in the event, held under the slogan “Run for HAPPY Workplace” at the canned tuna processor’s plant in Samut Sakhon.
Nightly “Line” time
Members in Line application groups that Tayat Sriplung take part in often receive some interesting quotes and messages from him at 2am and 6am in the morning. 
But don’t mistake Tayat for a night owl. The human resources consultant said that since he had regularly started meditating, he always had a deep sleep and usually woke up fresh at 2am and later in the morning.
Tayat is studying for a PhD at Mahachulongkorn Buddhist University.
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