Data: Standard & Poor's Compustat | |
OCTOBER 24, 2005
No. 1: PTT Prasert Bunsumpun, 53, CEO since 2003
Integrated gas/oil REVENUES $16.1 billion PROFITS $1.57 billion
But Prasert Bunsumpun, 53, who took over as CEO 2 1/2 years ago, has reorganized the company's bureaucracy and finances, upgraded technology, and upped PTT's stakes in refineries and petrochemical ventures. PTT has more than tripled its profits since then -- and only part of the gain is from higher oil prices. ``We want our operating companies to be industry leaders with strong financial and operational excellence,'' he says. Now the civil engineer, who has an MBA from the University of Utah, has global ambitions. PTT has exploration and production operations in three nations in Southeast Asia, and in Iran, Oman, and Algeria. ``We want to be the preeminent energy group in the region,'' says Prasert, ``but with accountability, optimum stakeholder returns, and a value-driven corporate culture.'' Sounds as if PTT's name will soon resonate beyond Bangkok.  Get BusinessWeek directly on your desktop with our RSS feeds.  Add BusinessWeek news to your Web site with our headline feed. Click to buy an e-print or reprint of a BusinessWeek or BusinessWeek Online story or video. To subscribe online to BusinessWeek magazine, please click here. Learn more, go to the BusinessWeekOnline home page  | | |
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