Kasikornbank chief quits, tipped for finance minister in Cabinet reshuffle

[rooster59]

Kasikornbank chief quits, tipped for finance minister in Cabinet reshuffle

By THE NATION

 

 

Kasikornbank president Preedee Daochai on Friday (July 24) tendered his resignation, the bank reported to the Stock Exchange of Thailand (SET).

 

 

Preedee was a co-president of Kasikornbank, as well as the chairman of the Thai Bankers' Association. He started working at the bank in 1982 and became president in 2013.

 

A news source from the SET speculated that Preedee had resigned to take up the post of finance minister in the upcoming Cabinet reshuffle, after current minister Uttama Savanayana was ousted as leader of the ruling Palang Pracharat Party in June following which he quit the party and the Cabinet.

 

Source: https://www.nationthailand.com/news/30391908

 

-- © Copyright The Nation Thailand 2020-07-25

 

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[Bender Rodriguez]

how much money is there to TAKE in that position ?

[Venom]

Nice to see he's decided to serve his country! 

[madmitch]

In most countries cabinet ministers are elected MPs. But as a professional banker one would hope he is up to the task.

[Isaan sailor]

Good luck to this gentleman.  He would take the reigns at a rough patch for Thailand—exports crumbling, tourism drowning, and Baht rising (vs. the world’s reserve currency).

[soi3eddie]

I've been using KasikornBank since the Old Thai Farmer Bank days - anyone remember that? If this guy had anything to do with the reliabilty and reputation of KBank then maybe he will be a force for good in the Thai Finance Ministry. Good luck to him in what maybe a difficult and somewhat political situation.

[tifino]

or... he turned up, and copped a case of (...staff turn up to work only to find out they're sacked)