HONG KONG, 15 January 2016 – The Board of Directors (the “Board”) of AIA Group Limited (“AIA”; or the “Company”; stock code: 1299) is pleased to announce the appointment of Dr. Narongchai Akrasanee as an Independent Non-executive Director of the Company. He will also serve as a member of the Audit Committee and Nomination Committee of the Company. These appointments take effect from 15 January 2016.
Dr. Narongchai, aged 70, was previously an Independent Non-executive Director of the Company from 21 November 2012 to 31 August 2014. He is the former Minister of Energy and Minister of Commerce for the Kingdom of Thailand, and served as a Senator. Dr. Narongchai served as Chairman of the Export-Import Bank of Thailand from December 2005 to June 2010, as a Director of the Office of the Insurance Commission of Thailand from October 2007 to August 2012, as a Director of the National Economic and Social Development Board for the period from July 2009 to July 2013 and as a member of the Monetary Policy Committee of the Bank of Thailand from November 2011 to September 2014.
He is currently the Chairman of the Steering Committee and Vice-Chairman of the Council of Mekong Institute, the Chairman of the Thailand National Committee for the Pacific Economic Cooperation Council and the Chairman of the Khon Kaen University Council in Thailand.
Dr. Narongchai also acts as the Chairman and an independent director of two entities listed on the Stock Exchange of Thailand, namely MFC Asset Management Public Company Limited and Ananda Development Public Company Limited. He is also the Chairman and an independent director of The Brooker Group Public Company Limited, which is listed on the Stock Exchange of Thailand’s Market for Alternative Investment. Dr. Narongchai is the Chairman of the Seranee Group of companies.
Dr. Narongchai received a Bachelor degree in Economics with honours from the University of Western Australia and M.A. and Ph.D. in Economics from Johns Hopkins University.
Mr. Mark Tucker, AIA’s Group Chief Executive & President, said: “I am delighted to welcome Dr. Narongchai back to our Board. Dr. Narongchai has had a long and distinguished career in public service in Thailand and has also achieved much in a senior capacity in the private sector. Dr. Narongchai’s presence on the AIA Board will be invaluable as we continue to focus on delivering our brand promise to our customers and outstanding results to our shareholders.”
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