IMC Industrial Group Managment Team
CHAVALIT FREDERICK TSAO
IMC Pan Asia Alliance Group
President, FBN Pacific Asia Chapter
Chavalit Frederick Tsao is the Chairman of IMC Pan Asia Alliance Group (IMC Group) .
He is the fourth generation to embark on his maritime career when he joined his family business at twenty years old. He ventured out on his own whilst serving IMC Group of companies, which roots can be traced to 1906. He started several companies, listed and then delisted two companies, and turned around a bankrupt Thai national shipping line successfully. At 37, he took over the helm from his father, Tan Sri Frank Tsao.
Under his stewardship, he restructured the traditional shipping company into a global enterprise with diverse business interests in more than 15 countries. Today, the IMC Group has interests in four strategic business areas:
- IMC Industrial, a leading integrated maritime and industrial solutions provider in dry bulk shipping, industrial logistics, chemical transportation, shipyard and marine engineering, offshore assets and services, consumer logistics and palm oil plantations;
- Heritas Capital Management, an investment and fund management group;
- Octave Institute, a sustainable living lifestyle and real estate group; and
- AITIA Institute (AI) is a not-for-profit organization, that offers quality research based and personalized corporate programmes ready to tackle a spectrum of challenges faced by businesses.
Mr Tsao founded Family Business Network Asia, a regional chapter of Family Business Network International to promote sustainable family business. He believes that family business can make a difference to the evolution of business in the new role of business in society. He holds dual positions as the Permanent Honorary President and Chairman, Ambassadors’ Circle, Family Business Network International.
Mr Tsao graduated from the University of Michigan with a Master of Science in Engineering (Industrial and Operations Engineering) and a Bachelor of Science degree in Engineering (Naval Architecture and Marine Engineering).