The election of PTT’s new board chairman and members had reportedly been included in the agenda of the board meeting on October 21, but was later indefinitely suspended.
Analysts speculated that the move aims to find a new chairman and board members who would make sure that PTT’s operations moving forward comply with the new government’s energy policies.
The Pheu Thai-led coalition government has been focusing on reducing people’s expenses for energy, specifically fuels, cooking gas, and electricity bills in line with the party’s election promises.
In his appeal, Tossaporn cited PTT’s regulation no. 34, which states that the chairman of the board can only be replaced when: he completes his term, dies, resigns, has missed the board meeting three consecutive times without proper reason, lacks qualifications or has qualifications specifically forbidden in the…
