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Tuesday, April 30, 2024

Gulf CEO Sarath Ratanavadi named fourth richest Thai by Forbes

In the first half of this year, Gulf reported financial results with a core profit of 3.25 billion baht, an increase of 36 per cent year-on-year and 19 per cent quarter-on-quarter. The growth is mainly from the profit of Gulf Sriracha Power Plant (GSRC) first unit and second unit, together with higher profit from BKR2 offshore wind power project in Germany and a share of profit from InTouch.

Sarath was born July 12, 1965, in a family of military lineage. His father Thavorn was chief of staff of the Royal Thai Armed Forces Headquarters, while his grandfather Sod was a member of The People’s Party. Sarath has degrees from Chulalongkorn University and the University of Southern California, both in engineering. He was married to Nalinee Tantisoonthorn and has two sons, Sarit and Sitamon.

After graduation, he established Gulf Electric Co Ltd in 1994 at the age of 29. He later expanded…

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