August 10, 2012 00:00
By Bamrung Amnatcharoenrit
Thai Airways International's board of directors has received applications from 5 individuals vying for the top post at the national carrier, following the dismissal of Piyasvasti Amranand in May.
Finance Permanent Secretary Areepong Bhoocha-oom, as chairman of the selection committee, said yesterday after the board's meeting that the selection result should be known in September.
In the next two weeks, the selection committee will screen the qualifications of the applicants and then interviews will follow. In August, names of the candidates will be presented to the board of directors, Areepong said.
The Finance Ministry owns 51 per cent in the Thai national carrier.
"All the five applicants are outsiders, but this should pose no problem. There is no need to extend the application period," Areepong said.
"Whether the new president will earn as much as Bt900,000 a month that the former president received depends on the qualification and capability."
Areepong did not reveal the names of the applicants. Yet, sources said that among them is Sorachak Kasemsuwan, currently chairman of another state enterprise, MCOT Plc. As MCOT is a state enterprise, he is allowed to keep the job until he is appointed president of THAI. Sources close to the matter said he is the most likely candidate to succeed PIyasvasti, whose employment contract was prematurely terminated in June.
The other two applicants are ML Hathaichanok Kridakorn who is now general manager of Accor Asia Pacific Corporation; and Krissanet Sriprasert, commercial counsellor of Embassy of the State of Qatar in Thailand. Two others submitted their applications by mail and are expected to be dismissed due to requests for remuneration of over Bt150 million.
Dismissed despite high performance scores, Piyasvasti brought the unfair contract termination to the Labour Court, seeking more compensation. Some small shareholders of THAI also asked the Securities and Exchange Commission to see if the board of directors' decision violated any securities laws.