Thai property tycoon quits CEO job amid premiership speculation

Srettha Thavisin, a local property tycoon and Pheu Thai Party's new adviser, and Paetongtarn Shinawatra, daughter of former Prime Minister Thaksin Shinawatra, both lined up as Pheu Thai Party's prime ministerial candidates, arrive before the draw for the party's list usage for the upcoming election ahead an event by the election commission in Bangkok, Thailand, on Tuesday, April 4, 2023. - Reuters

BANGKOK, April 4 (Bloomberg): Thai property tycoon Srettha Thavisin quit as the chief executive and president of Sansiri Pcl amid speculation that he will officially be named a prime ministerial candidate of the opposition Pheu Thai Party.

Srettha’s resignation, also as a director and member of various sub-committees, took effect Monday, the real estate developer said in an exchange filing Tuesday.