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Business

CP Group scion, now CEO, will step down as mobile unit chief

Billionaire's son seeks experience while running Thai conglomerate

Charoen Pokphand Group CEO Suphachai Chearavanont

BANGKOK -- The newly appointed CEO of Charoen Pokphand Group indicated Thursday he will vacate his post as chief executive of the group's telecommunications arm in order to focus fully on steering one of Thailand's biggest conglomerates.

Suphachai Chearavanont was promoted to group CEO while eldest brother Soopakij Chearavanont assumed the role of chairman as of Jan. 9. Both took over positions held by their billionaire father, Dhanin Chearavanont, who will remain on the management team as the senior chairman.

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