Montri Rawanchaikul Will Strengthen PTTEP’s Business as the New CEO

PTT Exploration and Production Public Company Limited (PTTEP) announced that the company’s Board of Directors Meeting No. 13/2564/503 held on August 20, 2021 resolved to appoint Mr. Montri Rawanchaikul, President, to be Chief Executive Officer (CEO) and Director of PTTEP in replacement of Mr. Phongsthorn Thavisin who will end his roles on September 30, 2021. The appointment of the new CEO and Director will be effective from October 1, 2021 onwards.

 

Information and Vision of New Director and Chief Executive Officer

Mr. Montri Rawanchaikul

Director and Chief Executive Officer

Age: 57 Years

Starting date of the Position: October 1, 2021

 

Education:

• Master of Applied Science (Exploration Geophysics), University of New South Wales, Australia
• Bachelor of Science (Physics), Chiang Mai University

 

Useful Past Experiences for PTTEP:

• Oct 2020 – Present President
• Oct 2020 – Jan 2021 President & Acting Executive Vice President, Production Asset Group
• Jan – Sep 2020 Executive Vice President, Production Asset Group
• Oct 2017 – Dec 2019 Executive Vice President, Strategy and Business Development Group
• Nov 2017 – Sep 2018 Executive Vice President, Strategy and Business Development Group and Acting Senior Vice President, New Business Unit, and additional assigned as Project Champion, Spend Smart
• Oct 2016 – Sep 2017 Acting Executive Vice President, Strategy and BusinessDevelopment Group
• Sep – Oct 2016 Senior Vice President, International Asset
• Jul – Aug 2016 Senior Vice President, attached to Production Asset and Operations Support Group
• Jan 2015 – Jul 2016 Senior Vice President, Australia Asset and seconded as General Manager, PTTEP Australasia Limited
• Jul 2013 – Nov 2014 Deputy CEO, PTTEP Australasia
• Nov 2009 – Jun 2013 General Manager PTTEP Oman
• Jun 2005 – May 2009 General Manager PTTEP Iran

 

Vision for managing the company’s business:

• Strengthen the petroleum exploration and production business to ensure sustainable development for national energy security to overcome challenges of Digital Disruption and Energy Transition by focusing on Environmental, Social and Governance (ESG)
• Become major natural gas producer in Southeast Asia, fully explore and rapidly develop newly discovered fields to increase production and continuously grow the Middle East joint venture portfolio
• Drive Carbon Capture Utilization and Storage (CCUS) to reduce Greenhouse Gas emission and lay the foundation for Net Zero Carbon Emission target
• Expand new business investment through “Cautious Diversified Player” strategy investing in Gas to Power, Renewable and Chain of Future Energy by leading on technology and innovation for commercial and competitive advantage
• Develop agile organization through digital transformation and knowledge management to make decisions based on data, reduce unit cost, and adopt new culture for readiness to embrace changes for sustainable development, and become a boundaryless organization

 

Vision in performing duties that comply with Good Corporate Governance of PTTEP:

Drive PTTEP for sustainable development, advocate good corporate governance, business risks management and compliance on financial and investment, be a transparent organization to build trust and maintain PTTEP reputation for all stakeholders

 

Outstanding Success and value-added to PTTEP:

• Awarded Bongkot and Erawan PSC in 2019
• Applied PTTEP’s competitive advantage and experience to formulate and advocate “Coming Home Strategy”
• Expanded PTTEP Portfolio in Malaysia through the acquisition of Murphy Oil Malaysia and executed exploration campaign to discover new commercial petroleum resources in Malaysia
• Built Middle East Hub in UAE and Oman for a future E&P growth portfolio

 

Training:

• Leadership Development Program III (LDP III) by PTT Leadership and Learning Institute
• The Executive Program in Energy Literacy for a Sustainable Future, Class 11, by Thailand Energy Academy
• The Corporate Governance: Regulation and Disclosure Training by The Thai Institute of Directors Association
• Leadership Development Program II (LDP II) by PTT Leadership and Learning Institute
• EP LEAD III Leadership Development Program by IMD

 

Currently, Mr. Rawanchaikul holds 52,050 shares (0.001311 %) of PTTEP.