True Group restructures management
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True Group is restructuring its management to strengthen its operation and deal with expected regulatory challenges.
A True Corp source said the restructuring programme, which took effect yesterday and were announced in an internal staff meeting, would take three months to complete.
True chief executive officer Suphachai Chearavanont has also assumed the post of group chief marketing officer. Thiti Nantapatsiri is promoted to group executive director in charge of regulatory affairs. Anat Mekpaiboonwattana, deputy group chief commercial officer, is promoted to replace Thiti as managing director of TrueVisions.
Adhiruth Thothaveesansuk, managing director for convergence business, is promoted to oversee the group’s wireless businesses, TrueMove and Real Move.
Papon Ratanachaikanont, assistant to the president/CEO and deputy group chief commercial officer, is promoted to chief commercial officer in charge of sales and retail.
Kachorn Jearawanont is moved from director for regulatory affairs to become group executive director for corporate affairs and fraud control.
True Group is facing a regulatory risk from the deals it made with CAT Telecom on a partnership to provide third-generation cellular service on the 850-megahertz spectrum. The deals are being probed by several state authorities.
Recently the Senate anti-corruption and good-governance committee concluded that the network-rental deal under this agreement might breach the 2010 Frequency Allocation Law and the 2001 Telecom Business Act. But True insists it has not circumvented any law.
The National Anti-Corruption Commission’s subcommittee investigating the deals has said it will wrap up its probe by next month.
The National Broadcasting and Telecommunications Commission will complete its investigation within 60 days.
