AUO reshuffles management for long-term development
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.