Thaicom Rolls Out Succession Plan for CEO Position

Nonthaburi, Thailand. September 1, 2015 – Thaicom Plc is pleased to announce the appointment of Mr. Paiboon Panuwattanawong to take up the roles of Chief Executive Officer of Thaicom (CEO-THCOM) and the authorized director of Thaicom from October 1, 2015.

The previous CEO, Ms. Suphajee Suthumpun, will assume the role of Advisor to the Chief Executive Officer to support the new CEO during the leadership transition period from October 1 to December 31, 2015.

The company would like take this opportunity to extend heartfelt appreciation to Ms. Suphajee on her many contributions to Thaicom and the INTOUCH Group. During her four years at Thaicom, Ms. Suphajee dedicated herself to creating sustainable growth and success for Thaicom and the INTOUCH Group. Her efforts and accomplishments have been widely recognized and honored by many reputable customers and Thai and international institutions alike. She now feels that it is the proper time to pass Thaicom into the hands of a new leader who will continue to drive Thaicom to new levels of success.

Over the past few years, the company has been implementing a succession plan in order to ensure business continuity. Mr. Paiboon was identified as the natural successor to Ms. Suphajee as CEO. He has been with Thaicom for 23 years, with the last six in the role of Chief Technical Officer.

The company firmly believes that Mr. Paiboon is the right choice to assume the CEO role and to build on the achievements of Ms. Suphajee in steering the company towards the next phase of long-term growth and success.

Mr. Paiboon received his Bachelor of Engineering (Electronics) from Yale University and later, received Master of Engineering (Electronics) from Carnegie Mellon University in the US. He also attended the Directors Certification Program at Thai Institute of Directors Association in 2009. He has in-depth knowledge of the satellite industry. His prior role as Chief Technical Officer showcases not only his technical ability but also his experience in people management.