Tin King Chin Chan, chief financial officer of Thai Union Frozen Products PCL, will step down from the position on December 30 due to health and personal reasons. The announcement in a letter to the Stock Exchange of Thailand dated November 25.
“In the interim, Mr. Chan’s immediate subordinates will be overseeing the functions under his direct supervision. No impact is therefore expected on the company’s daily operations,” said President Thiraphong Chansiri. “We are now searching for a permanent replacement to lead our next phase of business expansion, with an expected announcement within the first quarter of next year.”
The Bangkok, Thailand-headquartered seafood processing company markets a wide assortment of products ranging from tuna and shrimp to salmon, sardines, mackerel, ready meals and pet food. Publically traded on the stock market since 1994, Thai Union has registered capital of 1,202,000,000 baht. Its goal is to generate revenues of 5 billion bhat by 2015 and 8 billion baht by 2020.
