Minister of Economic Affairs Yiin Chii-ming (尹啟銘) confirmed yesterday that Chang Chia-chu (張家祝) would succeed Lin Wen-yuan (林文淵) as chairman of the state-run China Steel Corp (中鋼).
The appointment will be finalized at China Steel’s board meeting next Wednesday, Yiin said.
Chang, formerly deputy minister of Transportation and Communications and chairman of Chunghwa Post Co (中華郵政), is currently president of Chung Hua University in Hsinchu City.
Yiin said Premier Liu Chao-shiuan (劉兆玄) praised Chang’s performance during his term at the Ministry of Transportation and Communications. The premier said that Chang, who helped make Chung Hua University profitable, could use his management skills to reform China Steel.
Yiin said China Steel should seek to control and explore new material sources, especially in rapidly developing emerging countries.
It should also expand its business scale and pursue globalization, so that its annual production could grow from 16 million tonnes annually to 30 million tonnes, he said.
Yiin said that he also expected Chang to incubate management personnel, as the company has numerous indirect investments.
Chang should also take care of the company’s middle and downstream industries, as China Steel has played an important role in stabilizing domestic commodity prices, Yiin said.
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