Minister of Economic Affairs Yiin Chii-ming (尹啟銘) yesterday confirmed that Premier Liu Chao-shiuan (劉兆玄) has named Shih Yen-shiang (施顏祥) as the new chairman of CPC Corp, Taiwan (CPC, 台灣中油).
Yiin said that in line with the ministry’s continuing efforts to modernize the state-run oil refinery, he believed that Shih was the right person to steer the troubled enterprise back to profitability.
“Multiple tasks await Shih such as the renewal project of the third naphtha cracker complex, development of the Kuo Kuang Petrochemical Park and the eventual privatization of CPC,” Yiin said.
Shih, currently a vice minister of economic affairs, will replace outgoing chairman Pan Wenent (潘文炎), who had offered to resign twice — on Dec. 16 and on Jan. 12.
The ministry didn’t say when Shih would formally take CPC’s helm. Speculation abound as to who will be appointed to take Shih’s position as vice minister.
Yiin declined to comment, saying no arrangements have been made at this point.
Shih has worked in various capacities since 1986 at the MOEA, the ministry’s Web site said.
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