Tue, May 08, 2007 - Page 12 News List

Fiorina to get `important' post at TSMC

STAFF WRITER

Former chief executive of US computer giant Hewlett-Packard Co (HP) Carly Fiorina will take up an "important position" with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) in the future, chairman Morris Chang (張忠謀) said yesterday.

Chang made the remark during TSMC's shareholders' meeting yesterday. He did not specify what position Fiorina would be assigned.

One shareholder questioned whether Fiorina was qualified to be an independent member of the TSMC board, citing her failure to boost HP's operations following the merger with Compaq Computer Corp, which Fiorina engineered.

Chang defended his decision, saying Fiorina would hold an important position at the company in the future.

Fiorina did not make any comment during the meeting.

It was Fiorina's first appearance at TSMC's annual meeting in Hsinchu yesterday after she agreed to become an independent board director of the world's largest contract chipmaker last May.

Chang told shareholders at the time of the appointment that Fiorina, who served on TSMC's audit and compensation committees, was on board to help with "sound corporate governance."

Fiorina, 53, once one of the world's most recognized and powerful female executives, left HP in January 2005 after the firm consistently missed profit projections and the market value of HP had plunged 55 percent.

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