TECO announces a new chair to replace CK Liu
During this year’s shareholder meeting on June 11, electronic appliances producer TECO announced that outgoing Chairman C.K. Liu ( ) would be succeeded by current Chief Executive Officer Chiu Chun-chi ( ).
Liu has headed the company for 8 years since 2007, and will remain in the company and be in charge of daily operations. TECO’s profits in the fiscal year of 2014 was up eight percent from 2013, with earnings per share at NT$2.06, a 17-year high. The company’s Go Eco initiative aims to lead the island in increasing the share of alternative energy infrastructure.