News Column

Board shake-ups continue

July 24, 2014

Bangkok Post, Thailand

July 24--Krirk Vanikkul, the central bank's deputy governor for financial institution stability, is tipped to be the next chairman of the Small and Medium Enterprise Development Bank of Thailand (SME Bank), while assistant governor Salinee Wangtal is expected to be named chairwoman of GH Bank, says a Finance Ministry source.

Both Mr Krirk and Mrs Salinee will retire from their current positions on Sept 30. The SME Bank is one of the loss-making state enterprises that the State Enterprise Policy Office is requiring to submit a business rehabilitation plan by next Thursday.

The junta is shaking up state enterprise boards to rid them of political influence. Politicians have long appointed their aides to sit on boards to control state agencies and doled out board seats as rewards.

The National Council for Peace and Order has appointed Customs Department director-general Somchai Sujjapongse to replace Choojira Kongkaeow as Government Savings Bank (GSB) chairman. It also appointed eight more GSB board members to succeed those who recently resigned.

The new directors include Finance Ministry inspectors-general Satit Rungkasiri and Prasit Suebchan and former One Asset Management president Wiwan Tarahirunchote.

All of the appointments took effect on Monday.

Meanwhile, Gen Surapong Suwanna-adth, deputy chief of staff of the Royal Thai Army, is likely to be named as the new chairman of TOT Plc's board.

Also tipped to join the board are former deputy finance minister Pisit Leeartham; Montri Sornpaisal, co-chief executive of Maybank Kim Eng Securities (Thailand); Revenue Department official Pipat Kanthong; and Djitt Laowattana, a prominent academic and former TOT director.


(c)2014 the Bangkok Post (Bangkok, Thailand)

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Source: Bangkok Post (Thailand)

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