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THAI seeks new CFO to fix finances

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Thai Airways International Plc (THAI) is looking for a new chief financial officer (CFO) to solve its financial troubles which have resulted in huge losses for the national flag carrier. 

It is the first time in THAI's 54 year history that its executives have decided to recruit a person for this position from outside the company, air force chief Prachin Chantong, the THAI board chairman, said on Wednesday.

High expectations will be placed on the new CFO to take the company out of its financial crisis, which, according to a THAI source, plunged the company into the red with a net loss of more than 12 billion baht last year.

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