Trio of 40-somethings lead CP Group’s digital evolution

BANGKOK — Thailand’s CP Group, an unwieldy conglomerate known for food and retail operations, stunned the business community last month when it tapped tech-savvy executives in their 40s to run its telecommunications arm. 

The group has grown through poultry and meat-processing business. But now, with its sights set on digital payments and delivery apps, CP needs young talent to lead a transformation into a tech powerhouse.

In a February news release announcing the appointment of Natwut Amornvivat, Manat Manavutiveth and Teeradet Dumrongbhalasitr, True Corp. cast them as “new generation successors.”

“They will jointly be key drivers to transform the company,” the release said, with the endgame of turning True into “a complete tech company leader” in the digital era.

Natwut, 47, previously served as president of the True Digital Group subsidiary. Manat, 46, had been a regional senior…