TAIPEI, TAIWAN — LEAD “”Chunghwa Telecom Co. (CHT) today announced that its Board of Directors has appointed Dr. Rick L. Tsai as Chairman and CEO of CHT, effective immediately. Dr. Tsai replaces Dr. Yen-Sung Lee, who after serving the Company for 40 years, has chosen to retire.
In addition, Dr. Shu Yeh will step down from his position as Chief Financial Officer (CFO) and Executive Vice President (EVP) upon completion of a four-year secondment from the National Taiwan University. President Mu-Piao Shih will serve as interim CFO.
Dr. Rick L. Tsai most recently served as the Chairman and Chief Executive Officer of TSMC Solar and TSMC Solid State Lighting since 2011. From 2001 to 2011, he held the following successive positions in TSMC: President and Chief Operation Officer, President and Chief Executive Officer and President of New Businesses.
Before joining TSMC, Dr. Tsai was based in the United States and worked for Hewlett-Packard for several years. Dr. Tsai holds a Ph.D. in material science and engineering from Cornell University and a bachelor’s degree in physics from National Taiwan University.
Under Dr. Tsai’s co-leadership with President Shih, Chunghwa Telecom will aggressively promote LTE and fiber broadband services, lead the domestic telecom industry in developing digital convergence and become an international telecom leader.
In addition, as previously agreed upon, Dr. Shu Yeh will step down from his position as CFO and EVP on February 1st, 2014. Dr. Yeh was sent to Chunghwa Telecom from the National Taiwan University on secondment in 2010.
