Raimon Land Director of Marketing Henri Young Moves On

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Posted: 30 May 2009 | 1:09 pm

Listed Thai real estate group Raimon Land's Director of Marketing Henri Young has decided to move on and pursue other career opportunities. He is the second key executive to depart after Executive Director and CEO Nigel Cornick resigned in March of this year.

thephuketinsider.com contracted Henri yesterday about his future plans and he has advised that he is looking to do private consulting for Bangkok developers who are aiming to target acquisitions. Henri during his tenure at Raimon was a high profile supporter of Phuket back of the King's Cup and Phang Nga Bay Regatta's as well as the publication 'Why Invest in Phuket.'

IFA Hotel and Resorts who are the group's largest shareholder has infused two short term loans into the company which has struggled during the recent economic and residential downturn. Here in Phuket rumors have persisted that the Amalfi development which is adjacent to Amanpuri has been put up for sale, though no public announcements have been forthcoming and this remains speculative.

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Has any other senior executive left in the shake up of Raimon Land?

Bill Barnett responds:
Only Nigel and Henri Young that we are aware of.

Graeme Laird, 29 Jun 2009 | 7:19 pm

sir, do you think mr young resigned or was pushed ?
Bill Barnett responds:
We spoke to him and he resigned.He's a bright guy and am sure will latch on somewhere soon.

Jack Evergreen, 01 Jun 2009 | 5:22 pm

Sir, do you know where the former CEO has gone and what he is doing ? he had a great time at Raimon Land which appears to be falling apart ..

Bill Barnett responds:
Nigel is alive and well in Bangkok and is looking at new business opportunities apparently in the property sector.

Jack Evergreen, 31 May 2009 | 4:42 pm

bill, i have often wondered why Raimon invest in so much promotional activity outside of their core business i.e property. i know this has a lot to do with brand building but in these hard economic times i would thought that every baht saved could go towards paying of debt.. what r your thoughts ?

Bill Barnett responds:
There are different schools of thought on this, Raimon was very focused on international and overseas investors and looked at muliple projects so had to generate numbers. Ultimately you have to quantify the expense and at the end of the day the downturn has caught a lot of developers on their back feet, cash flow is tight so marketing now is grinding down. That given Raimon was good for Phuket in terms of sponsorship of big events and also in promoting Kata Gardens and The Heights Projects. In a boom scenario a market driven CEO is often needed while in a down market its often a finance person at the helm, so different strokes for different times.

Honey-cut, 30 May 2009 | 1:44 pm