ASAT Holdings Limited announces management appointments
Sep 04, 2006
ASAT Holdings Limited has announced that the Company's board of directors has appointed Tung Lok Li as acting chief executive officer, effective immediately. Mr. Li succeeds Robert Gange, who has voluntarily resigned for personal reasons. Mr. Gange will continue to serve as a consultant to the Company during this transition period. ASAT also announced that the Company's board of directors has appointed Kei W. Chua as acting chief financial officer, effective immediately. Mr. Li and Mr. Chua will assume their positions for the interim period while the Company starts a new search for a CEO and continues its current search for a CFO. Furthermore, the Company announced that the board of directors has appointed Joseph Martin as executive vice president of sales and marketing, effective immediately. "T.L., Kei and Joe have played key roles in developing the Company's strategic vision. With T.L. and Joe's extensive operational experience in the semiconductor industry and Kei's robust financial background, they will make a strong team to lead the Company as we continue our search for a permanent CEO and CFO," said Henry Montgomery, chairman of the board of directors of ASAT Holdings Limited. Tung Lok Li has over 25 years of experience in the semiconductor sector. Mr. Li was previously Chairman of the Company's board of directors and has been a member of the Company's board of directors since October 1999. Mr. Li holds a B.S. degree in chemical engineering from the University of Wisconsin, Madison. Kei W. Chua is a Managing Director of CCMP Capital Asia Pte. Ltd. and has been a member of the Company's board of directors since June 2005. Mr. Chua received a B.A. degree from Columbia University. Joseph Martin is currently the Chief Executive Officer of QPL International Holdings, a position he has held since February 2004, and has been a member of the Company's board of directors since March 2004. Mr. Martin received his undergraduate degree in chemistry from Lamar University. The Company has also announced that effective September 1, 2006 Andrew Liu, a board member of the Company since October 1999, resigned from the Company's board of directors and was replaced by Peter Hopper, a Senior Advisor to the CCMP Capital Asia group, who was elected to the board of directors filling the vacancy left by the resignation of Mr. Liu. For more information, visit www.asat.com
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