Predee Daochai, a co-president of Kasikornbank and chairman of the Thai Bankers' Association, who is expected to become deputy prime minister and concurrently serve as finance minister, has resigned from his posts, effective on Friday.
In related news, PTT Global Chemical Plc (PTTGC) on Friday informed the Stock Exchange of Thailand of the resignation of its director Supattanapong Punmeechaow, who is speculated to be the new energy minister. His resignation took effect on Thursday.
The would-be minister, now 60, is an expert in the energy business and a member of the prime minister's team of economic advisors.
Meanwhile, Industry Minister Suriya Jungrungreangkit has denied coveting the energy portfolio and claimed he is happy working where he is.
The prime minister refused to comment on Pailin Chuchottaworn, a former president of national energy firm PTT, who has reportedly turned down a ministerial position.
Nevertheless, sources said Chai Nat MP and secretary-general of the ruling Palang Pracharath Party Anucha Nakasai will be the new PM's Office Minister. Chon Buri MP and deputy leader of the party Suchart Chomklin will be the Labour Minister.
Anek Laothamatas, an executive of the Action Coalition for Thailand Party, will be the Minister of Higher Education, Science, Research and Innovation.
Government spokesperson Narumon Pinyosinwat will have no position in the new cabinet.