AUO reshuf­fles man­age­ment for long-term de­vel­op­ment

The China Post - - LOCAL -

AU Op­tron­ics Corp. (AUO, ), Tai­wan’s sec­ond-largest maker of liq­uid-crys­tal dis­plays, an­nounced Wed­nes­day a man­age­ment reshuf­fle in­volv­ing four top-level ex­ec­u­tives in a move aimed at cre­at­ing fu­ture de­vel­op­ment op­por­tu­ni­ties. AUO Chair­man Paul Peng ( ) will re­sign from his con­cur­rent po­si­tion as pres­i­dent and as­sume the po­si­tion of chief ex­ec­u­tive of­fi­cer, while Michael Tsai ( ) will be­come pres­i­dent and chief oper­a­tions of­fi­cer, the Hs­inchu-based com­pany said in a state­ment.

Ben­jamin Tseng ( ), as­so­ciate vice pres­i­dent of fi­nance, will re­place Andy Yang ( ) as AUO’s chief fi­nan­cial of­fi­cer, while cur­rent CFO Yang will change his role to serve as chief strat­egy of­fi­cer.

The new per­son­nel changes have been ap­proved by AUO’s board of di­rec­tors and will be­come ef­fec­tive Nov. 1.

AUO said that Peng will over­see the op­er­a­tion and man­age­ment of the com­pany while fo­cus­ing on AUO’s mid- to long-term op­er­a­tional strate­gies, in­vest­ment plans and global mar­ket de­vel­op­ment to drive the com­pany’s value trans­for­ma­tion.

“AUO has de­vel­oped a solid tal­ent cul­ti­va­tion mech­a­nism and man­age­ment suc­ces­sion plan. We have proac­tively sharp­ened our man­age­ment team’s skills and ex­pe­ri­ence through the ar­range­ment of cross-func­tional job ro­ta­tions. I have ev­ery con­fi­dence in the new ap­point­ments,” Peng said in the state­ment.

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