BANGKOK, Oct. 21 -- Former prime minister Paetongtarn Shinawatra announced on Wednesday that she is stepping down as leader of Thailand's Pheu Thai Party to allow for a party overhaul.

According to the Bangkok Post, Paetongtarn said in a written statement that her resignation follows her announcement on October 7 and is intended to "start the overhaul of the Pheu Thai Party with a new vision and courage for change truly for the sake of the people."

"The Pheu Thai Party, one of the nation's major political parties, must be revamped. Change in the party must begin as soon as possible. Therefore, I choose to resign as the party leader to let the party be revamped freely and perfectly rebuilt," she said.

Despite stepping down as leader, Pa...