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Yol Phokasub has resigned as president of Siam Commercial Bank, saying it is an appropriate time to use the valuable experience gained during his time at the bank to pursue his personal goals, according to a bank statement.
Sources in the banking industry said Yol was interested in applying for the post of chief executive officer at TMB Bank, as Boontuck Wungcharoen |will retire |from that position this year.
SCB yesterday informed the Stock Exchange of Thailand that its board of directors had approved Yol’s resignation, effective from July 1.
SCB appointed Yol as president on April 3, 2015, to succeed Kannikar Chalitaporn, who had completed his term in the position.
Yol joined the bank in 2007 as senior executive vice president.
Before being appointed as president, Yol was in charge of retail banking and the bank’s branch network.
SCB’s board of directors acknowledged his reasons for resigning, and unanimously resolved to have him remain as executive director.
The board said it would appoint |an appropriate person to become |the new president and would make |an announcement once the Bank |of Thailand has given its approval.
SCB’s share price closed at Bt129.50 yesterday, up Bt1.50 or 1.17 per cent from the previous closing price of Bt128.