Originally from the United States, Chad Ovel has over 23 years’ experience leading value growth in Vietnam. Before joining Mekong Capital in 2013, he had 13 years executive leadership experience. From 2000-2006, Chad worked at ScanCom Vietnam where he served in several roles, eventually becoming the Managing Director, responsible for over 6,000 employees. At ScanCom, Chad led the aggressive and innovative growth of the company from a turnover of US$15 million to a turnover of US$ 150 million, making it the largest furniture exporter in Vietnam in 2006. From 2006-2013, Chad worked at AA Corporation, where he was the Chief Executive Officer from 2008 onwards. AA Corporation, a former investee company of Mekong Capital from 2003 to 2011, has been Vietnam’s domestic market leader for interior furnishing and construction since 1993. Under Chad’s leadership, AA Corporation had several major breakthroughs including: revenue CAGR of 51%, EBITDA CAGR 60%, a 12x increase in average annual revenue per employee and opening subsidiaries in Bhutan, Myanmar, Cambodia and United States.
At Mekong Capital, Chad serves as one of firm’s three Partners. He is a member of Mekong Capital’s Management Committee and Investment Committee. Chad also is a member of the Board of Directors of Mekong Capital Holdings. As a Deal Leader, Chad is responsible for long-term success of the investments in Red Wok and Pharmacity. Chad is also a member of the Board of Directors of Red Wok, ABA Corporation and Pharmacity. Chad successfully led several of Mekong Capital’s most notable exits including Golden Gate which generated a 9.0x return and Traphaco which generated a 6.3x return. Chad specializes in restructuring, operations, and managing for rapid growth.