Royal Thai appoints new CEO

Home News Royal Thai appoints new CEO

Royal ThaiCalhoun, Ga.—Luxury carpet manufacturer, Royal Thai, appointed Shyam Bhatter as CEO of TCM Corporation flooring division. Assuming his leadership role Jan. 1, Bhatter succeeds outgoing CEO, Mark Johnson, who retired at the end of December 2021.

Since Bangkok’s Don Muang district during 1967, TCM Corporation has become one of the largest exporters of carpets and rugs in the world, according to the company. With a portfolio of companies organized under the branches TCM Flooring, TCM Automotive and TCM Living, Bhatter’s expertise will be utilized in leading sister carpet companies Royal Thai and Carpets Inter.

“We are confident that with his wealth of business knowledge and floor covering industry experience, Mr. Bhatter will build on our solid foundations to lead our teams with a new global vision and strategy for accelerated sustainable growth across our flooring division,” said Piyaporn Phanachet, CEO and board of directors member for TCM Corporation.

Bhatter started with the company, formerly known as Tai Ping, in 2005 where his main goals were revenue growth, business optimization and cost containment. Since then, Bhatter received a Bachelor of Commerce from University of Rajasthan and an MBA
from Emory University. He also gained experience in leadership roles at Manmohan Group, Jaipur Rugs, Tai Ping and now Royal Thai.

According to the company, the decades-long vision came to fruition in 2017 where he, as global CFO, walked the hospitality-focused division through a successful acquisition focusing on closing and streamlining integration. This acquisition was the launchpad for the brand known today as Royal Thai.

Toward the end of 2019, Bhatter welcomed a new role as president of Royal Thai Americas & EMEA. “Cultivating a business culture that supports both individual growth and deep commitment to corporate objectives enables employees and the organization to thrive,” Bhatter said. “I build strong teams by leading with empathy and enthusiasm, celebrating team wins to promote ownership for business results.”

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