Home > Business > THAI demotes its president

THAI demotes its president

By Business Desk

Thai Airways International's board of directors has abruptly demoted president Apinan Sumanaseni, citing his poor performance which has led to huge losses for the national carrier.

The demotion takes effect immediately and Apinan has been ordered to focus on nonmanagement issues. Norahat Phloiyai is appointed as copresident, who will oversee all management issues.

Meanwhile, Chamsri Sukchotrat, chief of the company's labour union, expressed concern that politicians are resuming their intervention into the airline's affairs, similar to what happened six years ago. This would lead to management problems, she said.

There have been rumours for some time that Apinan would be dismissed, but the dismissal came after Transport Minister Santi Prompat's suggestion last week on a potential change to the method under which the firm purchases aircraft.

{literal}

{/literal}

CP Magnolia unveils Pattaya project
CP Magnolia Corp, a joint venture between Charoen Pokphand Group and Magnolia Quality Development, has....
Tisco Bank wins magazine award
Tisco Bank has been voted "Best Mid-Cap" in Finance Asia magazine's Asia's Best Companies....

{literal} {/literal}

THAI demotes its president

Thai Airways International's board of directors has abruptly demoted president Apinan Sumanaseni, citing his poor performance which has led to huge losses for the national carrier.

OTHER BUSINESS

CP Magnolia unveils Pattaya project

Tisco Bank wins magazine award

Top Stories