Bank of Ayudhya president resigns

Published: 27 Nov 2012 at 15.09
Online news: News

Bank of Ayudhya (BAY) president and chief executive officer Mark John Arnold has resigned from both positions, effective from Jan 1, 2013.

In a notification to the Stock Exchange of Thailand, Veraphan Teepsuwan, the chairman of the Board of Directors, said the bank is in the process of preparing a succession plan for Mr Arnold and completing the legal process.

In late September, BAY's major shareholder General Electric sold a 7.6% stake in the bank to institutional investors for 14.65 billion baht.

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boons
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Discussion 2 : 04 Dec 2012 at 20.162
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First GE sells their stake, and then the CEO leaves in a hurry? I smell smoke....
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g.manont
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Discussion 1 : 27 Nov 2012 at 17.321
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.

Major business entity usually has a succession plan at all time, but BAY said they were in a process of preparing a succession plan ?

Hic-up, i'd say... hic-up.

Hey, where is my BAY bank book ?... oh thanks....I don't have any !

"... In a notification to the Stock Exchange of Thailand, Veraphan Teepsuwan, the chairman of the Board of Directors, said the bank is in the process of preparing a succession plan for Mr Arnold and completing the legal process ... "

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Bank of Ayudhya president resigns | Bangkok Post: business