CP AXTRA Champions Governance for Sustainable Growth
Distinguished attendees included Ms Sineenart Chamsri, Senior Vice President of Corporate Sustainability Development at the Stock Exchange of Thailand, alongside CP AXTRA's Board of Directors and senior executives. Their presence demonstrated unified support for strengthening corporate governance across all levels of the organisation.
Mr Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, Chairman of the Board of Directors, and Chairman of the Executive Board of CP AXTRA Public Company Limited, emphasised the Group's four main pillars of corporate governance, stating: 'Good governance is not merely about rules and regulations; it is about moral values deeply embedded in our corporate culture. It is the heart of sustainability, reflected in four key pillars: (1) Integrity, (2) Commitment to delivering excellence, (3) Empowering employees to grow together, and (4) Responsible resource utilisation to generate lasting value for society, the economy, and the environment. True sustainability must begin from within and radiate outward to positively impact the broader community.'
The event also featured a panel discussion titled 'Combining Strengths: Driving Organisational Sustainability Through Good Governance', led by Dr Teerapon Tanomsakyut, Director of CP AXTRA. He emphasised the Board's critical role in translating governance policy into practice, grounded in six core principles: accountability, transparency, fairness, stakeholder engagement, ethics, and executive responsibility. These values form the foundation of a sustainable and trustworthy organisation and demonstrate a commitment to leading with integrity.
In addition, Mr Tanit Chearavanont, Chief Executive Officer of Makro Thailand, and Mr Sompong Rungnirattisai, Chief Executive Officer of Lotus's Thailand, shared insights on applying good governance across all operational areas—from procurement and compliance across nationwide branches to internal communication on corporate governance. They stressed the importance of ensuring that employees at all levels understand and align with these principles. This 'tone from the top' is vital to building a strong and enduring governance culture within CP AXTRA.
CP AXTRA continues to embed good governance into its organisational DNA, implementing governance principles across all work processes from the head office to more than 2,600 Makro and Lotus's stores nationwide. The company remains committed to becoming a trusted business leader, driving steady growth through robust governance and ethical practices in every dimension.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bangkok Post
6 days ago
- Bangkok Post
CP AXTRA Delivers Robust First-Half 2025 Performance with Revenue of 259,030 Million Baht
Bangkok, August 7, 2025 – CP AXTRA Public Company Limited (The Company or CPAXT), an operator of Asia's leading wholesaler and retailer, 'Makro-Lotus's', has announced its financial results for the first half of 2025, highlighting continued growth momentum. The Company reported total revenue of 259,030 million baht and a net profit of 4,929 million baht, representing a 5.8% rise YoY. Online sales grew by 34%, while fresh food sales delivered a 10% YoY increase, reflecting the success of its strategic focus on enhancing product offerings and diversifying all distribution channels to meet evolving consumer behaviors. The results further reaffirm CPAXT's leadership position as Thailand's No.1 Grocery E-Commerce Brand. Mr. Tanin Buranamanit, Group Chief Executive Officer, CP AXTRA Public Company Limited, stated that the Company continued to grow in the first half of 2025 despite ongoing economic challenges. Improved cost management and the synergistic value of post-amalgamation also contributed to the Company's strengthened performance. Looking ahead, the Company remains focused on driving sustained growth in the second half of 2025 through the following key strategies: Driving growth across all distribution channels, including out-of-store sales with delivery services to customers (Omni Channel) alongside ongoing store expansion and renovations. Enhancing product development with a focus on strengthening the private label and value-for-money items under the 'Exclusive brand', available only at Makro and Lotus's, while expanding Ready-to-Cook (RTC) and Ready-to-Eat (RTE) offerings. Harnessing the power of AI to improve operational efficiency - from advanced data analytics, hyper-personalization marketing, and inventory management to the development of online sales that more precisely address consumer needs. This will strengthen competitiveness, drive sales, and support gross profit growth, in line with second-half performance targets. Additionally, the Board of Directors has approved an interim dividend of 0.18 baht per share. The record date for eligible shareholders is August 21, 2025, with payment scheduled for September 5, 2025. CP AXTRA is committed to driving sustainable business growth in line with Environmental, Social and Governance (ESG) principles, the Charoen Pokphand Group's sustainability goals, and the UN Sustainable Development Goals (UNSDGs). Key initiatives include the use of zero-emission electric vehicles in logistics, the 'AXTRA Green Together' program for sustainable waste and plastic management, and a commitment to achieving zero food waste to landfill by 2030. In the area of governance, CP AXTRA reinforces its commitment to AXTRA: Good Governance for Sustainable Growth to foster a culture of transparency, accountability, and stakeholder inclusivity. The Company remains committed to upholding fair treatment for all shareholders and supporting stable and sustainable growth.
Bangkok Post
21-07-2025
- Bangkok Post
CP Axtra touts good governance for sustainable growth
CP Axtra Plc, the operator of the Makro-Lotus's wholesale and retail brands, recently held "Axtra CG DAY: Good Governance for Sustainable Growth". The event reflects the company's dedication to establishing good governance principles as the foundation of its business practices and to fostering a culture of transparency, accountability and fairness for all stakeholders. By prioritising equitable treatment of shareholders and meaningful stakeholder engagement, CP Axtra aims to drive long-term, stable and sustainable growth. Suphachai Chearavanont, chief executive of Charoen Pokphand Group, chairman of the board of directors and chairman of the executive board of CP Axtra, said good governance is not merely about rules and regulations but also about moral values deeply embedded in the corporate culture. He added that good governance is at the heart of sustainability, reflected in four key pillars of the group's corporate governance. These include integrity; commitment to delivering excellence; empowering employees to grow together; and responsible resource utilisation to generate lasting value for society, the economy and the environment. "True sustainability must begin from within and radiate outward to positively impact the broader community," he said. The event also featured a panel discussion titled "Combining Strengths: Driving Organizational Sustainability Through Good Governance," led by Teerapon Tanomsakyut, CP Axtra's director, who emphasised the board's critical role in translating governance policy into practice, grounded in six core principles: accountability, transparency, fairness, stakeholder engagement, ethics and executive responsibility. These values form the foundation of a sustainable and trustworthy organisation and demonstrate a commitment to leading with transparency and integrity. In addition, Tanit Chearavanont, chief executive of Makro Thailand, and Sompong Rungnirattisai, chief executive of Lotus's Thailand, shared insights concerning the application of good governance across all areas of operations, from procurement and compliance across nationwide branches to internal communication on corporate governance. They stressed the importance of ensuring that employees at all levels understand and align with these principles.
Bangkok Post
18-07-2025
- Bangkok Post
CP AXTRA Champions Governance for Sustainable Growth
Bangkok, July 17, 2025 – CP AXTRA Public Company Limited, the operator of Asia's leading wholesaler and retailer 'Makro - Lotus's', reaffirmed its commitment to corporate governance by hosting 'AXTRA CG DAY: Good Governance for Sustainable Growth'. The event reflected the company's dedication to embedding good governance principles as the foundation of its business practices and to fostering a culture of transparency, accountability, and fairness for all stakeholders. By prioritising equitable treatment of shareholders and meaningful stakeholder engagement, CP AXTRA aims to drive long-term, stable, and sustainable growth. Distinguished attendees included Ms Sineenart Chamsri, Senior Vice President of Corporate Sustainability Development at the Stock Exchange of Thailand, alongside CP AXTRA's Board of Directors and senior executives. Their presence demonstrated unified support for strengthening corporate governance across all levels of the organisation. Mr Suphachai Chearavanont, Chief Executive Officer of Charoen Pokphand Group, Chairman of the Board of Directors, and Chairman of the Executive Board of CP AXTRA Public Company Limited, emphasised the Group's four main pillars of corporate governance, stating: 'Good governance is not merely about rules and regulations; it is about moral values deeply embedded in our corporate culture. It is the heart of sustainability, reflected in four key pillars: (1) Integrity, (2) Commitment to delivering excellence, (3) Empowering employees to grow together, and (4) Responsible resource utilisation to generate lasting value for society, the economy, and the environment. True sustainability must begin from within and radiate outward to positively impact the broader community.' The event also featured a panel discussion titled 'Combining Strengths: Driving Organisational Sustainability Through Good Governance', led by Dr Teerapon Tanomsakyut, Director of CP AXTRA. He emphasised the Board's critical role in translating governance policy into practice, grounded in six core principles: accountability, transparency, fairness, stakeholder engagement, ethics, and executive responsibility. These values form the foundation of a sustainable and trustworthy organisation and demonstrate a commitment to leading with integrity. In addition, Mr Tanit Chearavanont, Chief Executive Officer of Makro Thailand, and Mr Sompong Rungnirattisai, Chief Executive Officer of Lotus's Thailand, shared insights on applying good governance across all operational areas—from procurement and compliance across nationwide branches to internal communication on corporate governance. They stressed the importance of ensuring that employees at all levels understand and align with these principles. This 'tone from the top' is vital to building a strong and enduring governance culture within CP AXTRA. CP AXTRA continues to embed good governance into its organisational DNA, implementing governance principles across all work processes from the head office to more than 2,600 Makro and Lotus's stores nationwide. The company remains committed to becoming a trusted business leader, driving steady growth through robust governance and ethical practices in every dimension.
