Thailand's State-Run PTT Appoints 6 New Directors

Reuters

BANGKOK, June 27 (Reuters) – Thailand's largest energy firm, PTT Pcl, has appointed six new directors to replace those who resigned as part of the military government's attempt to reform and restructure the state enterprise system.

Piyasvasti Amranand, former energy minister, will be an independent director replacing Panpree Bahiddha-Nukara, effective from July 1, the company said in a statement.

New appointments include senior officials at the energy ministry, Kurujit Nakornthap and Pornchai Rujiprapa, the statement added.

The junta, led by General Prayuth Chan-ocha, has been scrutinising 56 state-owned companies as part of its attempt to take control of the overall state enterprise system and its combined assets of 11 trillion baht ($340 billion).

PTT's board, including chairman Panpree, stepped down in recent weeks to allow the ruling military to reshuffle the company.

PTT, 51 percent owned by the Finance Ministry, is the largest revenue contributor to the government, according to the state enterprises planning office.

(Reporting by Khettiya Jittapong; Editing by Matt Driskill)

 

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