UMC, a leading global semiconductor foundry, announced that Stan Hung has been elected to the position of UMC chairman and Dr. Shih-Wei Sun to the position of CEO in a board meeting held on Wednesday. The election was held after Chairman and CEO Dr. Jackson Hu announced his decision to resign from active leadership of the company and pursue a role as a senior advisor to UMC. The appointment of a youthful, professional management team is aimed at the revitalization of UMC and the enhancement of its focus on delivering customer-oriented foundry solutions. Hu said “During my 5-plus years of service at UMC, I have been very impressed by the professionalism and dedication of everyone involved in the organization. I feel that I have accomplished many of my objectives and that the timing is right for a younger and more energetic management team to take over. I feel very confident entrusting the leadership of UMC to the new Chairman, Stan Hung, and the new CEO, Dr. Shih-Wei Sun.” Incoming UMC Chairman Stan Hung said “we are thankful for Dr. Hu's many contributions to UMC over the years. Going forward, UMC remains committed to serving our customers with the best possible foundry services while enhancing the strength of our financial structure and controlling costs to maximize the benefits for our customers, shareholders and employees.” Chairman Hung graduated from Tam Kang University in Taiwan with a degree in accounting. He has served as UMC's chief financial officer, and previous to this appointment was senior vice president. He is also chairman of NexPower Technology Corporation. Shih-Wei Sun added that “my top priority as CEO will be to ensure that we deliver solutions that target our customers' success as they face these times of economic uncertainty. We will focus on enhancing our customer-oriented services and solutions.”
