Alex Lo to step down as Uni-President GM 2016
Alex C. Lo ( ) said yesterday that he will be stepping down as general manager of UniPresident Enterprises Corporation ( ) next year.
Lo took his current position in 2013 after the resignation of his father-in-law, Kao Ching-yuan (
), founder and chairman of Uni-President.
Lo had announced that he will leave the post in 2016 at 60 years old, in accordance with company tradition. Uni- President policy stipulates that its general manager resigns at the age of 60.
At a company shareholders’ meeting, Lo said that his tenure has felt fleeting and that prepara- tions for the leadership transition are “always underway.”
Uni-President, Taiwan’s largest food conglomerate, entered the market almost 50 years ago.
Since its founding, the conglomerate has expanded from food and beverage products and currently operates Carrefour, the Cosmed drugstore chain and the 7-Eleven convenience store chain.
Social Polarization Ahead
The consumer market itself drives generational turnover, Lo said.
In the future, the structure of Taiwan’s society will emerge into a more prominent “M-shape” distribution, in that society will be increasingly polarized with an ex- treme rich and an extreme poor.
Those who are best prepared will be the victors and those who use strategies of the past will encounter serious challenges, he said.
On McDonald’s: No Comment
Asked for opinion on UniPresident’s rumored purchase of McDonald’s Taiwan, Lo declined to comment.
Earlier this week, U.S.-based fast-food giant McDonald’s announced plans to sell all 413 of its Taiwan stores to a franchise operator, as part of a plan to lower operational costs. The sale would end over 30 years of companyowned stores.
is now seeking a firm to continue the McDonald’s brand in the Taiwan market, in a transaction that is estimated to exceed NT$10 billion.
Asked about rumors that UniPresident is a prospective buyer, Lo declined to comment.
“Since there has been no contact (between Uni-President and McDonald’s), it is impolite for me to speak publicly,” he said.
“On this matter, it is not very good to speak casually before the point of contact.”
According to initial reports, netizens have also called on I-Mei Foods Co. Ltd ( ) to take over the management of McDonald’s Taiwan. The company has said the purchase “is not impossible.”