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MASTER ENTREPRENEUR CATEGORY

James Richard Amatavivadhana
CEO


MC Group Public Company Limited
www.mcgroupnet.com



Cultivating Leadership, Fostering Excellence.

Information about the Entrepreneur
Mr. James Amatavivadhana is known as a highly successful business leader. Armed with both a Bachelor’s and a Master’s degree in Economics from Syracuse University in the U.S., he embarked on his professional journey with the World Bank in Washington, DC. He then transitioned to Procter & Gamble, a renowned multinational company, where he spent seven years contributing to its marketing strategies. His dedication to his craft led him to roles of increasing responsibility, including serving as the General Manager of Coca-Cola Philippines, the Area Managing Director of Johnson & Johnson for the North Asia Region, and the CEO of Minor Lifestyle.

Other Interesting Facts about the Entrepreneur
James has achieved significant personal success in his career, having worked for various organizations in different countries. His motto in life is to work hard and commit with the fullest of his abilities. In his words, “Do what you love, enjoy what you do. Don’t be afraid of failure. Learn from it, keep going, and have no regrets.”

He believes that success comes from hard work, determination, and a willingness to take risks. His success formula is to focus on the big picture, set clear goals, and work towards achieving them with passion and dedication.

Company Achievements & Role as Entrepreneur
One of James’ most significant achievements is his current role as the CEO of MC Group Public Company Limited (MC Group), a leading lifestyle apparel retailer in Thailand. His tenure began in June 2021, at a time when MC Group faced daunting challenges both internally and externally. The company grappled with declining sales, eroding margins, organizational capability constraints, rising business costs, and the termination of tax benefits. The external impact of the Covid-19 pandemic further exacerbated the situation, posing a monumental test for James’ leadership.

James’ leadership during these hard times showcased his ability to navigate adversity and steer MC Group toward success. In his first year as the CEO, he faced the unprecedented challenge of the Covid-19 pandemic, which forced the closure of numerous stores. To combat these issues, the main strategies he put forth focus on short-term profitability, strengthening the sales force, reorganizing the product team, and outsourcing non-key functions such as e-commerce marketing and CRM. These efforts, combined with efficient promotion and cost management, led to an impressive recovery, boosting MC Group’s profitability despite the pandemic’s impact.

After a year of recovery efforts, James announced the theme of “Accelerating Domestic Growth” as the main strategy in the 2023 fiscal year. He capitalized on MC Group’s strengths and oversaw a transformation that propelled the company’s growth. The initiative expanded brand awareness through the “My Mc My Way” campaign, diversified customer segments, and leveraged e-commerce and big data. This shift resulted in remarkable revenue and net profit growth of 31% and 44% YoY, respectively, in the 9-month period of the 2023 fiscal year. MC Group’s stock price also reflects the performance turnaround by increasing from THB 9 per share in July 2021 to THB 13.90 in June 2023, representing a 50% increase while the SET index is unchanged.

Vision, Mission, & Future Plans
As James enters his third year as CEO, his vision for MC Group grows bolder. Guided by the theme of “Accelerating Domestic Growth”, he continues to shape MC Group’s future with a focus on rapid expansion. His ambitious vision includes international market penetration, enhancing the brand proposition, and expanding the product portfolio. By embracing the opportunity presented by the CLMV market, he aims to solidify MC Group’s position as a regional powerhouse. This forward-looking approach, combined with James’ unwavering commitment to excellence, promises a future where MC Group continues to thrive and outperform market expectations.

MASTER ENTREPRENEUR CATEGORY

James Richard Amatavivadhana
CEO

Information about the Entrepreneur
Mr. James Amatavivadhana is known as a highly successful business leader. Armed with both a Bachelor’s and a Master’s degree in Economics from Syracuse University in the U.S., he embarked on his professional journey with the World Bank in Washington, DC. He then transitioned to Procter & Gamble, a renowned multinational company, where he spent seven years contributing to its marketing strategies. His dedication to his craft led him to roles of increasing responsibility, including serving as the General Manager of Coca-Cola Philippines, the Area Managing Director of Johnson & Johnson for the North Asia Region, and the CEO of Minor Lifestyle.

Other Interesting Facts about the Entrepreneur
James has achieved significant personal success in his career, having worked for various organizations in different countries. His motto in life is to work hard and commit with the fullest of his abilities. In his words, “Do what you love, enjoy what you do. Don’t be afraid of failure. Learn from it, keep going, and have no regrets.”

He believes that success comes from hard work, determination, and a willingness to take risks. His success formula is to focus on the big picture, set clear goals, and work towards achieving them with passion and dedication.

Company Achievements & Role as Entrepreneur
One of James’ most significant achievements is his current role as the CEO of MC Group Public Company Limited (MC Group), a leading lifestyle apparel retailer in Thailand. His tenure began in June 2021, at a time when MC Group faced daunting challenges both internally and externally. The company grappled with declining sales, eroding margins, organizational capability constraints, rising business costs, and the termination of tax benefits. The external impact of the Covid-19 pandemic further exacerbated the situation, posing a monumental test for James’ leadership.

James’ leadership during these hard times showcased his ability to navigate adversity and steer MC Group toward success. In his first year as the CEO, he faced the unprecedented challenge of the Covid-19 pandemic, which forced the closure of numerous stores. To combat these issues, the main strategies he put forth focus on short-term profitability, strengthening the sales force, reorganizing the product team, and outsourcing non-key functions such as e-commerce marketing and CRM. These efforts, combined with efficient promotion and cost management, led to an impressive recovery, boosting MC Group’s profitability despite the pandemic’s impact.

After a year of recovery efforts, James announced the theme of “Accelerating Domestic Growth” as the main strategy in the 2023 fiscal year. He capitalized on MC Group’s strengths and oversaw a transformation that propelled the company’s growth. The initiative expanded brand awareness through the “My Mc My Way” campaign, diversified customer segments, and leveraged e-commerce and big data. This shift resulted in remarkable revenue and net profit growth of 31% and 44% YoY, respectively, in the 9-month period of the 2023 fiscal year. MC Group’s stock price also reflects the performance turnaround by increasing from THB 9 per share in July 2021 to THB 13.90 in June 2023, representing a 50% increase while the SET index is unchanged.

Vision, Mission, & Future Plans
As James enters his third year as CEO, his vision for MC Group grows bolder. Guided by the theme of “Accelerating Domestic Growth”, he continues to shape MC Group’s future with a focus on rapid expansion. His ambitious vision includes international market penetration, enhancing the brand proposition, and expanding the product portfolio. By embracing the opportunity presented by the CLMV market, he aims to solidify MC Group’s position as a regional powerhouse. This forward-looking approach, combined with James’ unwavering commitment to excellence, promises a future where MC Group continues to thrive and outperform market expectations.

MC Group Public Company Limited
www.mcgroupnet.com



Cultivating Leadership, Fostering Excellence.