Tue, May 03, 2016 - Page 13 News List

Pegatron unveils director nominees

By Lisa Wang  /  Staff reporter

Pegatron Corp (和碩) yesterday unveiled a much-anticipated list of nominees for its board of directors — including economist Schive Chi (薛琦) — paving the way for the company to complete a major management reshuffle.

Pegatron, one of Apple Inc’s iPhone assemblers, added two new seats to its nine-member board to cope with its business expansion. A source who wished to remain anonymous provided the list of nominees to the Taipei Times.

The company is scheduled to hold its annual shareholders’ meeting on June 21 to elect Jason Cheng (程建中) as a new vice chairman. Cheng is currently the company’s chief executive officer.

Cheng is to fill the vacancy left by Ted Hsu (徐世昌), who is moving to Asustek Computer Inc (華碩).

Independent board director Lin Chuan (林全) resigned after being tapped by president-elect Tsai Ing-wen (蔡英文) as premier.

The nomination list includes Schive, an economics professor at Shin Hsin University and former president of Taiwan Stock Exchange Corp; former Chinese Nationalist Party (KMT) legislator Ting Shou-chung (丁守中), who is a close friend of Pegatron chairman Tung Tzu-hsien (童子賢); and Yang Tze-kiang (楊子江), a former vice minister of finance and former president of China Development Industrial Bank (中華開發工銀).

Two new nominees include Pegatron chief operating officer S.J. Liao (廖賜政), who has been designated to succeed Cheng; and Huang Chun-bao (黃春寶), an independent board director at Kinsus Interconnect Technology Corp (景碩科技), a silicon substrate manufacturing arm of Pegatron.

Industrial computer supplier Advantech Co (研華科技) chairman K.C. Liu (劉克振), currently a Pegatron board director, is not on the new list, indicating a complete break in the two companies’ partnership.

Pegatron has divested its investment in an industrial computing joint venture, AdvanSus Corp (研碩), with Advantech by selling its 50 percent share back to Advantech about four years ago, a Pegatron investor relations division member said.

Liu still owns a 0.01 percent share of Pegatron, data showed.

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