ASEAN KEY DESTINATIONS
Siam Cement executive changes
Chief financial officer Roongrote Rangsiyopash, 48, has been named as president of SCG Paper, succeeding Chaovalit Ekabut, 52, who will move into Mr Roongrote's old job. The changes take effect January 1.
As the top executive in charge of finance, Mr. Roongrote had been seen as a likely successor to Kan Trakulhoon, the company's president and chief executive, who is now 55.
"I think they still have plenty of time to give Mr. Roongrote the experience needed to work with actual business operations," said Payungsak Chartsuthipol, chairman of the Federation of Thai Industries and a former SCG executive.
He said the rotation would equip Mr. Roongrote with a variety of skills, allowing him to formulate new ideas to improve overall organisational performance.
Mr. Chaovalit now heads one of SCG's five core businesses along with the petrochemical and cement units. SCG Paper actually has the largest operations of the group in terms of workforce, with nearly 10,000 staff out of SCG's total employment of 30,000, plus a number of manufacturing plants.
The paper business has also overtaken the cement unit as the second-largest revenue contributor to the group, after petrochemicals.
Before joining the paper unit, Mr. Chaovalit took part in SCG's major restructuring aimed at surviving the 1997 financial crisis, mainly by divesting non-core businesses.
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