AUO Corporation ("AUO") (TAIEX: 2409; NYSE: AUO) today held its Board meeting, at which the Board appointed Vice Chairman Mr. H.B. (Hsuan-Bin) Chen as Chief Executive Officer and Dr. L.J. (Lai-Juh) Chen as President & Chief Operation Officer, effective September 1, 2007. It also announced that Dr. Hui Hsiung, currently Executive VP of AUO, will resign effective September 1, 2007 to be the President of Qisda Corporation*, while continuing as a member of AUO’s Board of Directors.
Mr. K.Y. Lee has been re-elected as Chairman of the Company since the Board meeting on June 13, 2007. Mr. Lee is in a continuing effort to create a world-class company to the ultimate benefit of shareholders, through supervising the management team and enhancing AUO’s corporate governance. Under Chairman Mr. Lee’s leadership, AUO has been proceeding talent cultivation, significant organizational transformation and restructuring in a planned way, so as to meet the ever-changing market needs. In addition, AUO has experienced two mergers over the past six years, which expedited its professional managers to have extraordinary and intensive leadership training. The new management team will undertake the operation and continue to define the company’s new landscape for next move. The Board of Directors today unanimously approved all the above resolutions in the meeting.
Mr. H.B. Chen is currently the President and COO of AUO, and was elected Vice-Chairman by the Board of Directors on June 13, 2007. After becoming the CEO of AUO, Mr. Chen will be responsible for the company’s mid- to long-term strategic planning and execution as well as customer and business partner relations. In addition, Mr. Chen will lead the management team and report to the Board of Directors directly.
Dr. L.J. Chen, 44, currently serves as Sr. VP & GM of Global Manufacturing of AUO. After becoming the President and COO of AUO, he will be responsible for the company's corporate strategies and overall business operation. Dr. Chen joined Acer Display Technology, Inc., (a predecessor of AUO, established in 1996) in 1999 and served as Director of Acer Display's Fab 1. After AUO was formed in a merger in 2001, he became Associate VP, heading LCD Fabs at AUO's Hsinchu site. In early 2003, he was in charge of Desktop Display Business Unit. Over his career span, Dr. Chen invented approximately 30 patents in Taiwan and 40 patents in the U.S. As part of his previous roles, Dr. Chen served in a variety of areas such as R&D, manufacturing, sales and marketing, which consistently demonstrated his leadership, acute judgment and business acumen to be President, and he has developed extraordinary expertise in leading AUO.
Dr. LJ Chen holds a doctoral degree in Chemical Engineering from National Tsing-Hua University in Taiwan and an Executive MBA degree in International Management at Thunderbird School of Global Management in Arizona, U.S.A.
* BenQ Corporation is scheduled to change its name to Qisda Corporation on September 1, 2007.