Chunghwa Telecom (CHT) president Sheih Chi-mau will probably be promoted to function new chairman, changing incumbent David Cheng, who’s retiring because of age restrict, in line with a Chinese-language Economic Daily News report.
The new appointment has been authorised by Taiwan’s cupboard, EDN stated. The authorities at present is the biggest shareholder of CHT, accounting for a 64.85% stake within the provider by means of the holdings of the Ministry of Transportation and Communications.
CHT is scheduled to carry a rare board assembly inside per week to substantiate the brand new appointment.
Cheng has been chairman since December 2016. Under his management, Cheng initiated a serious overhaul of CHT’s technique for selling its MOD (multimedia on demand) enterprise.
During his tenure, the variety of the subscribers of CHT’s MOD service has elevated to 2.05 million. CHT’s MOD enterprise unit has additionally began producing earnings just lately, snapping 14 straight years of losses, in line with the report.
Sheih has been a veteran at CHT for over 40 years. Prior to assuming the job as president of the corporate, he served as vp of CHT’s networking enterprise unit and president of the corporate’s regional enterprise items in central and southern Taiwan.
