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Thailand: Management at Bank of Ayudhya to undergo changes following merger with GE Capital International Holdings.
(From Thai Press Reports)
Section: Corporate News - GE Capital to fill key posts after buying 25% stake; position of president to go, The Nation reports.
Bank of Ayudhya's (BAY) management structure will be significantly changed after its strategic investment deal with GE Capital International Holdings is completed.
The positions of chief executive officer (CEO) and chief financial officer are reportedly to be filled by GE, while the position of president is to be scrapped.
The bank said it would continue to be controlled by a board of directors supported by an experienced management team. The board expects to announce the appointment of a …
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