Kittirat Na-Ranong. — Photo: Pheu Thai Party
BANGKOK: Former finance minister Kittirat Na-Ranong was selected as chairman of the board of the Bank of Thailand (BoT) on Monday.
The source reported that after a five-hour session, the selection committee chose Kittirat to replace Poramethi Vimolsiri, whose term expired at the end of September.
The committee also named two new specialist board members to replace those whose terms expired. The new specialist members are Pongpanu Svetarundra, former tourism and sports ministry permanent secretary, and Chunhajit Sangmai, former finance ministry deputy permanent secretary.Finance Ministry permanent secretary Sathit Limpongphan, who chairs the panel, said the new chairman must first get Cabinet approval and be appointed by His Majesty the King before his appointment can be officially announced.
Critics have reportedly gathered over 50,000 signatures in protest against the move, on grounds it will erode the BoT’s independence. — The Nation/ANN
