RML (Raimon Land Public Company Limited) has announced the appointment of Mr. Sorapong Ma Muang as the new Chief Financial Officer (CFO), effective July 1, 2024. Additionally, Mr. Sumpun Aranrat and Ms. Janita Chobtuangthong have been appointed as independent directors and audit committee members to enhance the company's business strength.

Mr. Sorapong will be responsible for overseeing all financial and accounting operations at RML, playing a crucial role in developing the company's financial strategies and maintaining a stable balance sheet. His focus will be on financial planning, generating strong returns, implementing stringent risk controls, and optimizing operational cost efficiency.

Brenton Morello, CEO of RML, stated, "We are very pleased to announce the appointment of Mr. Sorapong as our new CFO. With his strong financial and accounting experience, I am confident that he will be a valuable asset to RML's management team. Although this year has been particularly challenging for the real estate business in Thailand, we are beginning to see positive trends from measures to stimulate the real estate sector, such as extending long-term land leases to 99 years and allowing foreigners to hold up to 75% of condominium ownership, all of which are good signs for the real estate business and RML."

Mr. Sorapong brings extensive experience from working at leading banks both domestically and internationally, including Siam Commercial Bank Public Company Limited, Kasikornbank Public Company Limited, Krungsri Bank Public Company Limited, and Bank of China (Thailand) Public Company Limited. His expertise encompasses strategic business development, investor relations, risk management, and business credit analysis. He holds a Master of Business Administration (MBA) from Heriot-Watt University in the UK and a Bachelor's degree in Hotel Management from Rangsit University.

Furthermore, during the 6th-7th Board of Directors meetings on May 2 and 14, 2024, a resolution was passed to propose the appointment of two independent directors and audit committee members, namely Ms. Janita Chobtuangthong and Mr. Sumpun Aranrat.

Following these appointments, RML will have a total of three audit committee members as follows:

1. Ms. Oranuch Apisakdisirikul, Chair of the Audit Committee

2. Ms. Janita Chobtuangthong, Audit Committee Member

3. Mr. Sumpun Aranrat, Audit Committee Member

 

The establishment of the CFO position, along with the addition of new independent directors and audit committee members, will strengthen both the management and audit committee structures of RML, driving the company towards sustainable growth.