HSINCHU, Taiwan Oct. 24 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held a board meeting and approved below resolutions. Starting January 1, 2009, Dr. LJ Chen will assume the position of President and Chief Executive Officer, and Mr. HB Chen will serve as Vice Chairman of the Board, and will no longer be CEO.
AUO has been using a consistent Corporate Governance method for years, and has conducted several organization changes and job rotations. The Company also believes that the structure of the top management team should be planned in advance and implemented in steps. In line with that philosophy, Dr. LJ Chen was appointed President and Chief Operating Officer last September. Through his resolute leadership such as deploying "AUO Green Solutions," AUO had already become a stronger company and the management team had proven themselves ready to assume larger responsibilities for the future. Therefore, as had been laid out in the original planned schedule, Dr. LJ Chen was promoted to the position of President and Chief Executive Officer, and is expected to lead the Company to another new era.
Effective January 1, 2009, Mr. HB Chen will continue to dedicate his time and efforts to AUO by being the Vice Chairman. He is also the Chairman of Lextar Electronics Corporation as well as Welllypower Optronics Corporation. Mr. HB Chen will be responsible for the long-term business and strategy of AUO and its affiliated companies, as well as the relationship with business partners to enhance future competitiveness. Mr. Chen has successfully accomplished a variety of organizational changes and two major mergers during the past 12 years. He has also set a very good example for others at AUO for his generous experience sharing with successors.
About AU Optronics
AU Optronics Corp. (AUO) is the worldwide top 3 manufacturer* of thin film transistor liquid crystal display panels (TFT-LCD). AUO is able to provide customers a full range of panel sizes and comprehensive applications, offering TFT-LCD panels in sizes ranging from 1.5 inches to greater than 65 inches. AUO generated NT$480.2 billion (US$14.8 billion) in sales revenue in 2007 and now houses the staff of more than 42,000 employees throughout its global operations spreading across Taiwan, Mainland China, Japan, Singapore, South Korea, the U.S., and Europe. Additionally, AUO is the first pure TFT-LCD manufacturer to successfully list at the New York Stock Exchange (NYSE). For more information, please visit AUO.com.
*DisplaySearch 2Q2008 WW Large-Area TFT-LCD Shipment Report dated July 30,
2008. This data is used as reference only and AUO does not make any
endorsement or representation in connection therewith. 2007 year end
revenue converted by an exchange rate of NTD32.43:USD1.
