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AUO Promotes Next-Generation Professional Managers
The Concurrent Development of Display and Solar Businesses Turns Over a New Leaf
HSINCHU, Taiwan, Oct. 8 /PRNewswire-Asia/ -- AU Optronics Corp. ("AUO" or
the "Company") (TAIEX: 2409; NYSE: AUO) announced its new organization
arrangement effective today. To ensure sustainable enterprise operation,
long-term development, and to enhance the effectiveness of the management team,
AUO will actively develop the Display and Solar businesses in parallel as the
twin engines for future growth and dedicate wholly to their respective fields.
Meanwhile, AUO is honoring the outstanding next-generation of professional
managers with the promotion of four new vice presidents, to instill fresh
impetus into the organization.
Under the new organizational structure, AUO will operate based on two core
businesses of Display and Solar. Each business will have its own production,
R&D, as well as sales and marketing functions, with dedicated team force, to
meet the different industry demands for the proactive development of the two
core businesses in parallel. The Display business will be handled by Mr. Paul
Peng, Executive VP who is familiar with the panel industry. Due to the
strategic role of the Solar business to AUO's future positioning in the green
energy industry and its long-term importance, the Solar business will be led
by Dr. L.J. Chen, the President.
AUO has long implemented corporate governance and continues to conduct
organizational change and talent cultivation to respond to the rapid industry
developments and new business demands. Four new Vice Presidents with
excellent performance emerged and they are: Display business, Dr. Frank Ko,
who will be in charge of the TV Display Business Group; Mr. K.P. Chu will be
in charge of the Global Supply Chain Management; for the Solar business, Mr.
James Chen, who will be in charge of Solar Business Group; and Mr. Shih-Kun
Chen, will be in charge of Global Solar Manufacturing. To further implement
the deputy system, Mr. Max Cheng will serve as acting President and assist in
the relevant matters relating to the development of the Solar business.
The Company has long actively cultivated promising talents. The Company
hopes that, with the joining of the next generation of professional managers
and dedicated organizational structure, this will further fortify AUO's
operation efficiency and create the maximum benefits for the shareholders,
turning over a new leaf for the Company's two core businesses.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is a global leader of thin film transistor liquid
crystal display panels (TFT-LCD). AUO is able to provide customers with a full
range of panel sizes and comprehensive applications, offering TFT-LCD panels
in sizes ranging from 1.2 inches to greater than 65 inches. AUO generated
NT$359.3 billion (US$11.2 billion) in sales revenue* in 2009 and now houses a
staff of more than 42,000 employees, with global operations in Taiwan,
Mainland China, Japan, Singapore, South Korea, the U.S., and Europe.
Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully
listed at the New York Stock Exchange (NYSE). AUO extended its market to the
green energy industry in late 2008, and formally founded its Solar Business
Unit in October, 2009. For more information, please visit AUO.com.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a
global leader of TFT-LCD panels, today announced the above news. Except for
statements in respect of historical matters, the statements contained in this
Release are "forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. These forward-looking statements were based on our
management's expectations, projections and beliefs at the time regarding
matters including, among other things, future revenues and costs, financial
performance, technology changes, capacity, utilization rates, yields, process
and geographical diversification, future expansion plans and business strategy.
Such forward looking statements are subject to a number of known and unknown
risks and uncertainties that can cause actual results to differ materially
from those expressed or implied by such statements, including risks related to
the flat panel display industry, the TFT-LCD market, acceptance of and demand
for our products, technological and development risks, competitive factors,
and other risks described in the section entitled "Risk Factors" in our Form
20-F filed with the United States Securities and Exchange Commission on May
11th, 2010.
SOURCE AU Optronics Corp.
AU Optronics Corp.
CONTACT: Freda Lee, Corporate Communications Division, AU Optronics Corp. at +886-3-5008800 x3206, +886-3-5772730(FAX) or freda.lee@auo.com; Yawen Hsiao, Corporate Communications Division, AU Optronics Corp. at +886-3-5008800 x3211, +886-3-5772730(FAX) or yawen.hsiao@auo.com
AUO Promotes Next-Generation Professional Managers
The Concurrent Development of Display and Solar Businesses Turns Over a New Leaf
HSINCHU, Taiwan, Oct. 8 /PRNewswire-Asia/ -- AU Optronics Corp. ("AUO" or
the "Company") (TAIEX: 2409; NYSE: AUO) announced its new organization
arrangement effective today. To ensure sustainable enterprise operation,
long-term development, and to enhance the effectiveness of the management team,
AUO will actively develop the Display and Solar businesses in parallel as the
twin engines for future growth and dedicate wholly to their respective fields.
Meanwhile, AUO is honoring the outstanding next-generation of professional
managers with the promotion of four new vice presidents, to instill fresh
impetus into the organization.
Under the new organizational structure, AUO will operate based on two core
businesses of Display and Solar. Each business will have its own production,
R&D, as well as sales and marketing functions, with dedicated team force, to
meet the different industry demands for the proactive development of the two
core businesses in parallel. The Display business will be handled by Mr. Paul
Peng, Executive VP who is familiar with the panel industry. Due to the
strategic role of the Solar business to AUO's future positioning in the green
energy industry and its long-term importance, the Solar business will be led
by Dr. L.J. Chen, the President.
AUO has long implemented corporate governance and continues to conduct
organizational change and talent cultivation to respond to the rapid industry
developments and new business demands. Four new Vice Presidents with
excellent performance emerged and they are: Display business, Dr. Frank Ko,
who will be in charge of the TV Display Business Group; Mr. K.P. Chu will be
in charge of the Global Supply Chain Management; for the Solar business, Mr.
James Chen, who will be in charge of Solar Business Group; and Mr. Shih-Kun
Chen, will be in charge of Global Solar Manufacturing. To further implement
the deputy system, Mr. Max Cheng will serve as acting President and assist in
the relevant matters relating to the development of the Solar business.
The Company has long actively cultivated promising talents. The Company
hopes that, with the joining of the next generation of professional managers
and dedicated organizational structure, this will further fortify AUO's
operation efficiency and create the maximum benefits for the shareholders,
turning over a new leaf for the Company's two core businesses.
ABOUT AU OPTRONICS
AU Optronics Corp. (AUO) is a global leader of thin film transistor liquid
crystal display panels (TFT-LCD). AUO is able to provide customers with a full
range of panel sizes and comprehensive applications, offering TFT-LCD panels
in sizes ranging from 1.2 inches to greater than 65 inches. AUO generated
NT$359.3 billion (US$11.2 billion) in sales revenue* in 2009 and now houses a
staff of more than 42,000 employees, with global operations in Taiwan,
Mainland China, Japan, Singapore, South Korea, the U.S., and Europe.
Additionally, AUO is the first pure TFT-LCD manufacturer to be successfully
listed at the New York Stock Exchange (NYSE). AUO extended its market to the
green energy industry in late 2008, and formally founded its Solar Business
Unit in October, 2009. For more information, please visit AUO.com.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO), a
global leader of TFT-LCD panels, today announced the above news. Except for
statements in respect of historical matters, the statements contained in this
Release are "forward-looking statements" within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities
Exchange Act of 1934. These forward-looking statements were based on our
management's expectations, projections and beliefs at the time regarding
matters including, among other things, future revenues and costs, financial
performance, technology changes, capacity, utilization rates, yields, process
and geographical diversification, future expansion plans and business strategy.
Such forward looking statements are subject to a number of known and unknown
risks and uncertainties that can cause actual results to differ materially
from those expressed or implied by such statements, including risks related to
the flat panel display industry, the TFT-LCD market, acceptance of and demand
for our products, technological and development risks, competitive factors,
and other risks described in the section entitled "Risk Factors" in our Form
20-F filed with the United States Securities and Exchange Commission on May
11th, 2010.
SOURCE AU Optronics Corp.
AU Optronics Corp.
CONTACT: Freda Lee, Corporate Communications Division, AU Optronics Corp. at +886-3-5008800 x3206, +886-3-5772730(FAX) or freda.lee@auo.com; Yawen Hsiao, Corporate Communications Division, AU Optronics Corp. at +886-3-5008800 x3211, +886-3-5772730(FAX) or yawen.hsiao@auo.com