Thaksin ally to be chairman of PTT | Bangkok Post: breakingnews

Thaksin ally to be chairman of PTT

Published: 23 Feb 2013 at 00.00
Newspaper section: Business

Vichet Kasemthongsri, a former deputy transport minister in the Thaksin Shinawatra administration, has been chosen as the new chairman of energy giant PTT Plc, as expected.

Upon board approval, Mr Vichet will replace Norkhun Sitthipong, the energy permanent secretary, who abruptly quit his post as PTT chairman last month.

Mr Norkhun's resignation came shortly after Mr Vichet was appointed as an independent director at PTT and is believed to have stemmed from a clash with Energy Minister Pongsak Raktapongpaisal over company operations.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Your comments

highlander
Post : 149
Send message

Discussion 7 : 23 Feb 2013 at 13.437
Post this to my Facebook
Oil business requires expert finance, expert E&P management, and leadership. Thaksin has no understanding of what he is getting involved with because if the PTT is mismanaged the company will fail leading to loss of money, loss of people, loss of trust, loss of reputation. They will become weak and vulnerable and collapse. Small companies from developing nations may then try to by pieces of what's left. All the highly paid foreign consultants will be blamed so they will be fired but the tax payer has to pay in the end, the Thai people.
Like dislike 12 people liked / 0 people disliked this comment
dickemery
Post : 874
Send message

Discussion 6 : 23 Feb 2013 at 12.426
Post this to my Facebook
heading toward complete domination by the rich and elite northern family,who needs dirty hands,when you can manipulate from dubai,from a convicted criminal who is on the run,most government owned companies,now have in place are working now working for their pay master,yet the rice business is decimated,thaiairways isnt performing,what next to under perform
Like dislike 12 people liked / 2 people disliked this comment
dao
Post : 4,804
Send message

Discussion 5 : 23 Feb 2013 at 12.075
Post this to my Facebook
I wonder how much of a stake Thaksin has in PTT.
Like dislike 16 people liked / 1 people disliked this comment
jacksprat
Post : 2,556
Send message

Discussion 4 : 23 Feb 2013 at 11.574
Post this to my Facebook
One ring to rule them all.
Like dislike 18 people liked / 1 people disliked this comment
Cynical
Post : 234
Send message

Discussion 3 : 23 Feb 2013 at 11.453
Post this to my Facebook
PTT have always had massive association with TS
Like dislike 15 people liked / 1 people disliked this comment
onlyme
Post : 442
Send message

Discussion 2 : 23 Feb 2013 at 11.382
Post this to my Facebook
Wow, what a surprise.
Like dislike 24 people liked / 0 people disliked this comment
bluebkk
Post : 1,356
Send message

Discussion 1 : 23 Feb 2013 at 10.561
Post this to my Facebook
Great! Now PTT will surely and only look after the interests of the New Elite of the North at the expense of the Thai taxpayer...How much deeper can we sink ???
Like dislike 35 people liked / 3 people disliked this comment