The highest paid Thai boss at Binh Minh Plastics resigns

The Board of Directors of Binh Minh Plastics Joint Stock Company has just dismissed Mr. Chaowalist Treejak. At the same time, another person was appointed to replace him.

Nawaplastic Industries - a member of SCG Group from Thailand holds 54.99% of BMP shares - Photo: BMP

Binh Minh Plastics Joint Stock Company has just announced to the Ho Chi Minh City Stock Exchange (HoSE) about changing the position of the company's general director.

Accordingly, the company's Board of Directors said it had approved the resignation of Mr. Chaowalist Treejak from the position of general director due to "health conditions".

Mr. Chaowalist Treejak has not retired yet, effective from June 1. Thus, he is still the general director of Binh Minh Plastics and will remain in office until May 31.

After Mr. Chaowalist Treejak officially retires, Mr. Niwat Athiwattananont will replace him as General Director of Binh Minh Plastics with a 5-year appointment term.

BMP is a long-standing brand in the construction plastics industry, mainly operating in the Southern region and currently accounts for more than 50% of the plastic pipe market share here, according to a report by Mirae Asset Securities.

Currently, BMP's largest shareholder is The Nawaplastic Industries (Saraburi) Co., Ltd, which owns nearly 55% of the shares. This is a subsidiary of SCG (Thailand).

It is known that Mr. Chaowalit was nominated to the BMP Board of Directors from April 2021, then sat in the position of BMP General Director from 2022.

The fourth quarter financial report said that Mr. Chaowalit Treejak - member of the board of directors and general director - received the highest income at the enterprise with nearly 6.2 billion VND in 2024 - an increase of 23%, equivalent to nearly 520 million VND per month.

The second highest earner at BMP is Mr. Sakchai Patiparnpreechavud - Chairman of the Board of Directors, with nearly 3.2 billion VND, an increase of 16%.

Meanwhile, the remaining board members received the lowest income from 387 million VND to 1.9 billion VND.

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Source: https://tuoitre.vn/sep-nguoi-thai-nhan-luong-cao-nhat-o-nhua-binh-minh-xin-nghi-20250314141003305.htm