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CP Group's Dhanin elevates 2 sons to chairman, CEO

Thai conglomerate's leader becomes senior chairman to ready for generational change

Dhanin Chearavanont, chairman of CP Group.

BANGKOK -- Thai conglomerate Charoen Pokphand Group, led by billionaire Dhanin Chearavanont, is shifting to a new management team by promoting two of Dhanin's sons to group chairman and CEO to replace him.

Although Dhanin will become senior chairman and remain in the group's management, the new appointments will bring the family-run group a step forward to a change of generations.

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