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Ailing Thai Airways picks new president after two-year search

Sumeth Damrongchaitham tasked with turning around the loss-making company

Passengers check in at Thai Airways counters at Bangkok's Suvarnabhumi Airport.   © Reuters

BANGKOK -- Thailand's ailing flag carrier Thai Airways International has finally appointed a new president after a near two-year search to fill the position and more than a year since the departure of the previous leader.

The board approved on Friday the appointment of Sumeth Damrongchaitham, managing director of state-owned asset management firm Dhanarak Asset Development and former chief operating officer of Thailand's largest entertainment company GMM Grammy, according to a stock exchange filing on Monday.

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