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MASTER ENTREPRENEUR CATEGORY

Auttapol Rerkpiboon
President & CEO


PTT Public Company Limited
www.pttplc.com


Information about the Entrepreneur
Auttapol Rerkpiboon graduated with a Bachelor’s degree in Engineering from Chulalongkorn University, a Master’s degree in Economics from the National Institute of Development Administration, and a Diploma of Petroleum Management from Oxford University.

He began his career with PTT Public Company Limited (PTT) in 1989. He has made many successful contributions to PTT’s achievements. He was appointed as the President and CEO of PTT in May 2020.

Other Interesting Facts about the Entrepreneur
Auttapol was recognized for his remarkable achievements in the energy industry and his always contributions to society. He believes in teamwork. He enjoys working with all generations, embedding an entrepreneur mindset in everyone who takes part in the PTT’s success. He often regards PTT as the home that they must continue to build on to commit to its missions of ensuring the nation’s energy security, driving economic growth, and taking care of society. Moreover, he also emphasizes social responsibility. He initiated “PTT Group Giving Breath” project to fight against the Covid-19. A budget of over USD63 million was spent to set up field hospitals and procure medical supplies, medicine, and food to curb the pandemic.
Company Achievements and Role of the Entrepreneur
Auttapol assumed his position at PTT just after the company took a huge loss of USD50 million in Q1, 2020. He took immediate action by setting up a war room where all executive members got hands-on with the situation. His decisive leadership has successfully led PTT through the crisis, creating resiliency, cutting expenses over USD700 million, and issuing bonds of USD4,000 million to secure cash. PTT achieved over 100% growth in profit with USD3,600 million in 2021.

Auttapol also set sights on the future of PTT as the energy industry undergoes energy transitions and technology disruption. PTT’s new vision, “Powering Life with Future Energy and Beyond”, is set. The company’s strategy is to aim for energy transition toward cleaner energy and diversify into new S-Curve businesses that improve quality of life.

Under his leadership, actions are immediately executed in line with the new vision. PTT Group has made investments in wind and solar power plants in Taiwan and India, and the company formed a joint venture with Foxconn, the world’s largest electronics manufacturer, to develop a fully integrated electric vehicle production platform in Thailand. The first EV is expected to be locally produced in 2023.

PTT also established Innobic (Asia) Company Limited to lead pharmaceuticals, nutrition, and medical technology businesses. Innobic (Asia) recently joined with Aztiq by acquiring Lotus Pharmaceuticals Co. Ltd. and Adalvo, two leading multinational pharmaceutical companies. PTT’s intention is to promote better healthcare and help people gain access to high-quality products. Additionally, PTT has strengthened and expanded its petroleum businesses. PTT trading offices in the U.S.A. and UAE were established, enhancing its competitiveness of 24/7 operation to handle the volatility of the global energy market.

Auttapol has to lead his teams of 3,500 PTT employees. He also oversees the directions of over 400 companies, leading a total of 19,000 employees under PTT Group. During the pandemic, employees and their families are also being procured with vaccines and are taken care of if infected. Auttapol’s continuous guidance has led PTT to garner over 100 awards in 2020 and 2021, such as DJSI 2021 in the World Index and Emerging Markets Index for the 10th consecutive year and S&P Global Sustainability Award 2021 in the Gold Class.

Vision, Mission, & Future Plans
As the oil and gas industry undergoes energy transition and technology disruption, Auttapol foresaw the need for PTT to transform itself. He initiated the revision of PTT’s vision, which was held for over 10 years to drive the company forward. Thus, PTT’s vision, “Powering Life with Future Energy and Beyond”, was announced.

“Powering Life” is PTT’s new purpose to empower and embrace life whether it be people and environment. Meanwhile, “Future Energy and Beyond” is PTT’s strategic positioning, focusing on cleaner energy. The vision is set with concrete targets.

By 2030, more than 30% of the investment will be allocated to Future Energy & Beyond, expecting a 30% net income contribution. Renewable capacity is set at 12 GW. 15% of Greenhouse gas emissions are to be reduced aiming for net-zero emissions.

Auttapol believes that PTT’s past experiences have taught them that every crisis brings greater opportunity. Adaptability to change is one of the most crucial skills for a business to become successful in these highly competitive and uncertain circumstances.

MASTER ENTREPRENEUR CATEGORY

Auttapol Rerkpiboon
President & CEO

Information about the Entrepreneur
Auttapol Rerkpiboon graduated with a Bachelor’s degree in Engineering from Chulalongkorn University, a Master’s degree in Economics from the National Institute of Development Administration, and a Diploma of Petroleum Management from Oxford University.

He began his career with PTT Public Company Limited (PTT) in 1989. He has made many successful contributions to PTT’s achievements. He was appointed as the President and CEO of PTT in May 2020.

Other Interesting Facts about the Entrepreneur
Auttapol was recognized for his remarkable achievements in the energy industry and his always contributions to society. He believes in teamwork. He enjoys working with all generations, embedding an entrepreneur mindset in everyone who takes part in the PTT’s success. He often regards PTT as the home that they must continue to build on to commit to its missions of ensuring the nation’s energy security, driving economic growth, and taking care of society. Moreover, he also emphasizes social responsibility. He initiated “PTT Group Giving Breath” project to fight against the Covid-19. A budget of over USD63 million was spent to set up field hospitals and procure medical supplies, medicine, and food to curb the pandemic.

Company Achievements and Role of the Entrepreneur
Auttapol assumed his position at PTT just after the company took a huge loss of USD50 million in Q1, 2020. He took immediate action by setting up a war room where all executive members got hands-on with the situation. His decisive leadership has successfully led PTT through the crisis, creating resiliency, cutting expenses over USD700 million, and issuing bonds of USD4,000 million to secure cash. PTT achieved over 100% growth in profit with USD3,600 million in 2021.

Auttapol also set sights on the future of PTT as the energy industry undergoes energy transitions and technology disruption. PTT’s new vision, “Powering Life with Future Energy and Beyond”, is set. The company’s strategy is to aim for energy transition toward cleaner energy and diversify into new S-Curve businesses that improve quality of life.

Under his leadership, actions are immediately executed in line with the new vision. PTT Group has made investments in wind and solar power plants in Taiwan and India, and the company formed a joint venture with Foxconn, the world’s largest electronics manufacturer, to develop a fully integrated electric vehicle production platform in Thailand. The first EV is expected to be locally produced in 2023.

PTT also established Innobic (Asia) Company Limited to lead pharmaceuticals, nutrition, and medical technology businesses. Innobic (Asia) recently joined with Aztiq by acquiring Lotus Pharmaceuticals Co. Ltd. and Adalvo, two leading multinational pharmaceutical companies. PTT’s intention is to promote better healthcare and help people gain access to high-quality products. Additionally, PTT has strengthened and expanded its petroleum businesses. PTT trading offices in the U.S.A. and UAE were established, enhancing its competitiveness of 24/7 operation to handle the volatility of the global energy market.

PTT Public Company Limited
www.pttplc.com


Auttapol has to lead his teams of 3,500 PTT employees. He also oversees the directions of over 400 companies, leading a total of 19,000 employees under PTT Group. During the pandemic, employees and their families are also being procured with vaccines and are taken care of if infected. Auttapol’s continuous guidance has led PTT to garner over 100 awards in 2020 and 2021, such as DJSI 2021 in the World Index and Emerging Markets Index for the 10th consecutive year and S&P Global Sustainability Award 2021 in the Gold Class.

Vision, Mission, & Future Plans
As the oil and gas industry undergoes energy transition and technology disruption, Auttapol foresaw the need for PTT to transform itself. He initiated the revision of PTT’s vision, which was held for over 10 years to drive the company forward. Thus, PTT’s vision, “Powering Life with Future Energy and Beyond”, was announced.

“Powering Life” is PTT’s new purpose to empower and embrace life whether it be people and environment. Meanwhile, “Future Energy and Beyond” is PTT’s strategic positioning, focusing on cleaner energy. The vision is set with concrete targets.

By 2030, more than 30% of the investment will be allocated to Future Energy & Beyond, expecting a 30% net income contribution. Renewable capacity is set at 12 GW. 15% of Greenhouse gas emissions are to be reduced aiming for net-zero emissions.

Auttapol believes that PTT’s past experiences have taught them that every crisis brings greater opportunity. Adaptability to change is one of the most crucial skills for a business to become successful in these highly competitive and uncertain circumstances.