"When the company needs to get out of the crisis, we need a collaboration from all staff," said Mr Chaiwat. When Mr Chaiwat took the helm in 2015, one of his big challenges was to restructure 20 billion baht in debt. Mr Chaiwat owned a company -- Turn Around Co -- that was hired by the ministry to run Bangchak's debt-restructuring project. "Over the past decade, prices have varied from $142 to $28 per barrel last year," Mr Chaiwat says. Bangchak's brand image is strong among Thais, easing its diversification into other businesses, Mr Chaiwat says.

Source: Bangkok Post March 11, 2017 00:33 UTC