OR Appoints Nisit Phongwutipraphan as New CEO

Key summary

The Board of Directors of PTT Oil and Retail Public Company Limited (OR) has approved the appointment of Mr. Nisit Phongwutipraphan as the new Chief Executive Officer, succeeding Marquis Piakthong Thongyoi whose term ends in February 2027. The company will negotiate a new employment contract and compensation package with Mr. Phongwutipraphan before submitting it to the Ministry of Finance for approval under Section 8 Terat, Paragraph 7 of the Public Enterprise Personnel Standards Act B.E. 2518. Once approved, OR will sign the agreement and formally appoint Mr. Phongwutipraphan, who currently serves as Deputy CEO for Corporate Strategy, reporting the final decision to the Stock Exchange of Thailand.