HSINCHU, Jan. 6 /PRNewswire-Asia/ -- AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today held a board meeting, and approved the below resolution. Starting March 1, 2009, Mr. Andy Yang, the current Associate Vice President of Finance Center, will assume the position of Chief Financial Officer. Mr. Max Cheng, current Chief Financial Officer, is to assume the role of Executive Vice President thereafter.
AUO has been implementing its Corporate Governance for years, and conducted, at several times, organizational changes through job rotations and talents cultivation to cope with rapid industry change and new business development. In line with that philosophy, Mr. Andy Yang was promoted to the position of Chief Financial Officer to assist the Company moving forward. The Board highly acknowledged efforts made by Senior Vice President Mr. Max Cheng in the past ten years, who had successfully ensured sound financial structure of the Company after the two major mergers in the history of AUO. He is now assigned more crucial responsibility, in charge of long term business investment strategy, including Photovoltaic technology and other new businesses planning and management, effective from March 1, 2009.
Mr. Andy Yang is the current Associate Vice President of Finance Center of AUO Finance Division. He joined AUO in 2002 and has been appointed to numerous important roles since then, including Senior Project Manager of Finance Division of AUO in Taiwan, Finance Director of AUO subsidiaries in China, member of Board of Supervisor of Darwin Precisions and General Manager of Apower Optronics Corp. Mr. Yang received his MBA degree from George Washington University in 1996 and BBA degree from Department of Finance of National Taiwan University in 1991. His past experiences also included Credit Manager of Union Bank of California Taipei Branch and Assistant Vice President of Corporate Banking of ABN AMRO Bank Taipei Branch. He is extremely familiar with the Industry, as well as possesses rich knowledge in global and cross-strait financial operations.
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 a staff of more than 38,000 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 http://AUO.com .
* DisplaySearch 3Q2008 WW Large-Area TFT-LCD Shipment Report dated October 29, 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.
