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CHRO Suvadhana Sibunruang Takes Over As CEO Of Thai Airways

Board chairman and two other directors also step down. Mr Suvadhana will be the acting president until Sept 30, the announcement said

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An announcement made by the Thai Airways International Pcl said its acting chief executive officer, Chansin Treenuchagron, has resigned and CHRO Suvadhana Sibunruang would now be the acting CEO. He will be the acting president until Sept 30, the announcement said.

Board chairman ACM Chaipruk Didyasarin and two other board members, Chakkrit Parapuntakul and Boontuck Wungchareon also resigned from their positions. 

The announcement comes after a court-approved airline's restructuring plan. Chansin will remain as an administrator of the airline's business rehabilitation plan to restructure 245 billion baht of debt through payment extensions, interest waivers and debt-to-equity conversions. 

The airline is in talks with government and private financial institutions to obtain new capital to support its cash flow. Thai Airways this month resumed routes between European cities and the resort island of Phuket in Thailand, anticipating a government scheme to allow vaccinated tourists to skip a mandatory quarantine. 


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