Esso (Thailand) announces new leadership after Bangchak purchase
Esso (Thailand) Public Company Limited has unveiled a series of leadership changes, signaling a new era for the company. As of September 4, 2023, Bundit Hansapaiboon will lead the company as its chief executive officer. Alongside him, Warakorn Kosolpisitkul has been appointed as the senior executive vice president for Marketing, while Anuwat Rungruangrattanagul will oversee the Refinery division in a similar capacity. Ratrimani Pasiphol will continue her role as managing director.
This leadership reshuffle comes on the heels of a significant transaction. Bangchak Corporation acquired a majority stake in Esso (Thailand) from ExxonMobil Asia Holdings Pte. Ltd., a move announced on August 30, 2023. This acquisition will lead to the rebranding of 700 Esso petrol stations across Thailand, transitioning them to the Bangchak brand.
In a recent disclosure to the Stock Exchange of Thailand, Esso (Thailand) provided insights into the company’s restructured organisation, which received approval from the Board of Directors on September 4, 2023.
ExxonMobil’s presence in Thailand is marked by several affiliates. One notable affiliate is ExxonMobil Marketing (Thailand) Limited, established on February 1, 2023. This entity focuses on marketing finished lubricants and chemical products under the ExxonMobil brand in Thailand. Their “Mobil” brand lubricants cater to both consumers and commercial sectors and are available at leading lubricant retailers, automotive service centers, and lubricant centers nationwide. In addition to lubricants, the company markets hydrocarbon solvents under renowned ExxonMobil brands, including Isopar™, Exxsol™, and Solvesso™. These solvents are tailored for various industrial applications, showcasing their versatility and efficiency.
Another significant affiliate, ExxonMobil Exploration & Production Korat Inc., specialises in natural gas production in the Nam Pong district, Khon Kaen. The natural gas produced is supplied to PTT Public Company Limited, which then provides electricity to the northeastern region of Thailand.
ExxonMobil’s Bangkok Global Business Center, one of the largest in its global network, employs more than 2,400 professionals. With offices in three prime locations—Esso Tower, Harindhorn Building, and Q House Lumpini—the center serves ExxonMobil affiliates and customers in more than 60 countries. Spanning Asia, Europe, and North and South America, the center offers services in accounting, tax, credit, information technology, customer service for fuels, lubricants, and chemicals, procurement, human resources, and operations.