BANGKOK: Thai Airways International PCL on Monday said it has found a new president and chief executive, almost two years after the retirement of the national carrier´s former head.
The board has recommended the recruitment of Sumeth Damrongchaitham, 53, after details such as salary are agreed, the airline said in a statement.
Sumeth is listed on the website of the Ministry of Finance as president of state-owned property manager Dhanarak Asset Development Co Ltd.
He was also chief operating officer of music and entertainment group GMM Grammy PCL.
If appointed, he will take control of an airline struggling for growth in an environment of high fuel costs and competition from low-cost carriers.
Thai Airways reported a 14 percent fall in net profit for January-March, after booking a loss for 2017.The selection is the culmination of a search which began in September 2016 after Charamporn Jothikastira retired at 60, the compulsory retirement age for employees of state-owned firms.
Aviation Business Unit Vice-President Usanee Sangsingkea has been acting CEO while the airline struggled to find a qualified replacement. Investors and analysts have said potential candidates may have been deterred by the airline´s lack of independence.
In this picture, the PCJCCI logo can be seen on September 1, 2022. — Facebook/Pakistan China Joint Chamber of...
A representational image of a US flag pictured alongside a street sign reading "Wall Street" in the New York city. —...
A security guard sits in front of a wall with signs and slogans at the operation building at the Pakistan Steel Mills ...
A worker cleans the entrance to the headquarters of Bank Indonesia, the nation's central bank, in Jakarta, Indonesia....
The MCB's logo is seen on a wall outside the bank's head office. — MCB websiteKARACHI: MCB Bank Limited on...
A foreign currency dealer counts US dollars at a shop in Karachi. — AFP/FileKARACHI: The rupee lost ground against...
