Bangkok: The Cabinet has approved the appointment of Somchai Sajjapongse as the new Chairman of the Bank of Thailand board. This decision aims to align the country's monetary policy more closely with government objectives.
According to Thai News Agency, Deputy Prime Minister and Minister of Finance Pichai Chunhavajira announced that the Cabinet meeting had sanctioned Somchai Sajjapongse's appointment. Somchai will be succeeding Prametee Vimolsiri, whose term expired on January 6, 2025. The appointment will be official following royal approval.
Somchai Sajjapongse, who previously served as the Permanent Secretary of the Ministry of Finance, resigned from his position during the administration of the 'Uncle Tu' government. He was subsequently transferred to the role of Secretary-General of the National Economic and Social Development Board. Somchai has had a long-standing career in the Ministry of Finance before moving to the private sector, where he served as Chairman of the Executive Board of Thai Insurance Public Company Limited and held roles in various other private sectors. He is recognized for his extensive knowledge and experience in finance and economics, holding a bachelor's degree from the Faculty of Economics at Chulalongkorn University and both a master's degree and a doctorate from Ohio State University, USA.