Thai Airways appoints new President

Thai Airways International announced the appointment of a new President following its Board of Directors Meeting held last week. Taking up the position of THAI President will be Mr Piyasvasti Amranand from 19 October 2009. Mr Piyasvasti was the former energy minister and was one of 11 candidates contending for the position according to The Nation. The company also announced the appointment of Mr. Chokchai Panyayong as Executive Vice President, Strategy and Business Development Department effective from 9 October 2009. Panyayong was previously THAI's Asset Management Department Vice President. Directors at the meeting, which was chaired by Mr. Ampon Kittiampon, also approved the Framework of the Corporate Strategy Plan for the next 5 years.  THAI said in a statement it would "look into the analysis on the future of aviation business, market need and consumer preference to enable suitable product and service development."