Thai Optical Group Releases 2018 Results, Restructures Management Team and Plans to Expand U.S. Customer Base

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BANGKOK—Thai Optical Group (TOG) (TOG:BK) announced its 2018 results, a restructuring of its management team and efforts to expand its customer base with a focus on the U.S. and the European Union. CEO Torn Pracharktam said in a statement that the company’s revenue from sales of goods and services totaled 1,841.57 million baht, a decrease from 1.92 percent in the same period last year, with a net profit of 146.03 million baht (a net profit margin of 7.62 percent), a decrease of 20.4 percent from the same period of the previous year due to sales revenue and selling expenses.

TOG is adding four senior management positions: chief commercial officer (CCO), chief operating officer (COO), chief administrative officer (CAO) and chief financial officer (CFO). The company said these changes “will create business competitive advantages in line with the plan to expand the new customer base around the world, focusing on the United States and the European Union.”

The company announced the appointment of four senior executives to the new positions.

Lindsay Brown will serve as CCO, responsible for global sales, marketing and business development. Brown has worked as general manager EMEA at Transitions Optical Company and global key accounts and sales manager EMEA at Hoya Vision Care.

Chaiwat Chittikun has been named COO, responsible for production and supply chain management. Chittikun has held various senior management positions in manufacturing, engineering, research and development at Hoya Lens Thailand.

Jirasuda Samaphongthong has been appointed CFO responsible for finance and accounting. She has experience working in accounting and finance in manufacturing businesses in a variety of industries, previously serving as vice president, account and finance at Lam Soon Public Company.

Amratrat Pracharktam has been named CAO, responsible for customer service, human resources, purchasing, administration, sustainability, development and business through all subsidiaries and associates. She has experience in the eyeglass lens business, having previously been a sales and marketing executive in supply chain management at TOG.

Additionally, TOG said it will focus on offering new products with its latest Zenith lens technology patients with high vision and complex problems, as well as its proprietary Bluloc blue light-absorbing lens material.

In addition, the company said it is considering an expansion of Phase 2 of its Rx Automation plan in the second quarter in order to support the increasing volume of individual eye lens orders from customers in the European Union, Australia and New Zealand.