News

Release Date:06/20/2018

Mr. Jim Hung elected new Chairman of Innolux, Mr. Jyh-Chau Wang as Corporate Consultant

<June 20, 2018, Jhunan, Miaoli> The 12th board meeting of the 7th Board of Directors of Innolux Corporation (TWSE:3481) was held today. It was approved that Mr. Jyh-Chau Wang resigned his office as Chairman, Board of Director and CEO. Mr. Jim Hung, the recent board member representatives of Jialian Investment Co., Ltd. was elected to become the new Chairman, effective from June 21st.
 
Innolux has been devoted to the development of IoT of panel industry. Mr. Wang will continue to assist Innolux Corporation with his substantial experience as company consultant to magnify the technology competitiveness.
 
Mr. Wang joined Unipac Optoelectronics Corporation in 1990 and worked in R&D and manufacturing. Mr. Wang was one of the key persons of building G5 factory in Chi Mei Optoelectronics before leading the sales and R&D business ranged from large-size to small-and-medium size. Pushing through the merger of Innolux and Chi Mei Optoelectronics and in 2009, Mr. Wang has been working with Dr. Hsing-Chien Tuan, then Chairman of Innolux, through a lot of ups and downs like antitrust lawsuit and financial situation. During Mr. Wang’s chairmanship (2016.05.12-2018.06.20), Innolux kept refreshing new highs in operating performances, including gross margin, operating margin, and net margin, and making breakthrough with differentiation strategy amid the capacity and technology pressure from competitors from China and South Korea. Mr. Wang expected Innolux colleagues to sustain the disruptive innovation and build IoT of panel industry to cope up with the era of Industry 4.0.
 
With over twenty years of capital market experience in global investment banks and operations management experience in traditional industries, Mr. Hung was unanimously supported by the board members to become the new chairman of Innolux. In addition to his appreciation to the Board of Directors for their nomination and support, Mr. Hung vows to dedicate himself to Innolux's continuing success in the new era of global innovation by offering the best customer solution and creating long-term shareholder value.

Mr. Jim Hung
Experience
Special Assistant to Chairman, Innolux Corporation
Associate Vice President, Foxconn Group
President, TCC International Holdings Limited
Managing Director, BNP Paribas Asset Management
Executive Director, Goldman Sachs Group, Inc.
Executive Director, Credit Suisse First Boston(CSFB)
Education:
MBA, Columbia University, USA
Department of Business Administration, National Chung Hsing University

 

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