SEC eager to recruit top post for commission

SEC eager to recruit top post for commission

The Securities and Exchange Commission (SEC) is opening the recruitment process for a new secretary-general to replace Ruenvadee Suwanmongkol, the regulator said in a statement yesterday.

Ms Ruenvadee's four-year term ends on April 30.

An SEC board meeting on Feb 2 voted unanimously not to renew the contract with Ms Ruenvadee.

Secretaries-general are allowed to stay in office for two consecutive terms, or eight years in total. The new secretary-general will assume the office on May 1.

"Applications will be accepted from Feb 7 to 27," the SEC statement said.

The SEC board plans to decide on a replacement, which will be forwarded to the Finance Ministry before proceeding to the cabinet for endorsement, said the regulator.

Holding an MBA degree from the University of California at Berkeley and a Master of Laws from Harvard Law School in Cambridge, Massachusetts, Ms Ruenvadee was the director-general of both the Legal Execution Department and the Probation Department at the Justice Ministry before taking the helm at the SEC.

The board's decision not to extend another four-year term to Ms Ruenvadee was not made known to the public until the SEC issued the statement yesterday.

The board reportedly met a couple times to decide on her tenure.


Do you like the content of this article?
COMMENT

THAI cancels Germany flights amid strikes

Thai Airways International has announced the cancellation of round-trip flights on its Bangkok-Frankfurt and Bangkok-Munich routes on Sunday and Monday because of transport workers’ strikes in Germany.

25 Mar 2023

Mississippi storms kill at least 23

At least 23 people died as violent storms and at least one tornado ripped through the southern US state of Mississippi, tearing off roofs and flattening neighbourhoods.

25 Mar 2023

Prayut accepts party nod as premier pick

Prime Minister Prayut Chan-o-cha has formally accepted the United Thai Nation Party’s nomination to become its first prime ministerial candidate, vowing that the UTN will lead the next government.

25 Mar 2023