Justice Minister Gen Paiboon Khumchaya revealed Tuesday that the Cabinet approved the Finance Ministry's nomination of Veerathai.
Veerathai was among five applicants vying for the post, including deputy BOT governor Paiboon Kittisrikangwan and Supavud Saicheua, managing director of Phatra Securities.
At 45, Veerathai will be the youngest governor in the Bank of Thailand's 73-year history.