Kan to succeed Chumpol?

With company president Chumpol Na Lamliang expected to step down next year, young bloods are taking the helm at Siam Cement Group, one of Thailand’s oldest and biggest industrial conglomerates, reports Pichaya Changsorn.

In announcing the appointments of five top executives - all of them under 50 years old - the board of directors of Siam Cement made it clear who the successors are for key positions at Thailand’s largest industrial conglomerate.

For the first time in its 91-year history, Siam Cement is set to have a chief executive who has spent his entire career working for the group. Chief financial officer Kan Trakulhoon has apparently been picked by the board to succeed Chumpol, who is expected to take early retirement sometime next year.

Siam Cement announced Kan would become executive vice president - a newly-created position, second only to the president - effective July 1. The board also named four other executive vice presidents for its major units: Damri Tunshevavong, Pichit Maipoom, Cholanat Yanaranop and Chaovalit Ekabut.