Prasert bunsumpun biography for kids
The government on January 23 announced the launch of its ambitious “bio-economy” scheme, which it expects to draw Bt400 billion worth of investment from the....
A civil engineer for all seasons
Prasert Bunsumpun
Age: 58
Education:
Harvard Business School
MBA, Utah State University
Career highlights:
2003 President and CEO, PTT Group
2001-2003 Senior Executive Vice President, Gas Business Group, PTT Public Company
When Prasert Bunsumpun, then 51, was appointed President of Thailand’s national energy company, PTT Plc in 2003 it was yet to join the ranks of the Fortune 500 elite.
Its special attribute is immortality; the Phoenix is consumed by flames at the end of its life, only to immediately rise again from the ashes to anew its life.
By 2004, it was listed at 456. Later in 2005 PTT was ranked 373; by 2006 it had climbed more than a hundred places to reach 265; 2007 saw it at 207; PTT had reached 135 by 2008 and in August 2009, Fortune 500 magazine ranked it 118 and recently 155 in 2010 among the world’s largest companies.
Under Prasert’s bold, industry-smart leadership, marked also by an intuitive politically nuanced style, PTT today is Thailand’s fully-integrated energy company with leading position in exploration and production, transmission, petrochemical, refining, marketing and trading of