Want China Times
KY Lee, chair of display panel maker AU Optronics Corp, made a surprise
announcement Monday that he was stepping down from his post and that the position will be filled by current company CEO Paul Peng.
Lee will remain chairman at AUO affiliates BenQ Corp and Qisda Corp, and will remain a member of the AUO board of directors.
Lee emphasized that he will continue to oversee AUO’s transitions and integration in the future, while expressing confidence in the management team’s ability to carry out the company’s long-established leadership succession plans.
The move surprised industry observers, who expected Lee to continue leading the company as it gradually emerged from a string of losses and heavy antitrust fines doled out by US regulators. [FULL STORY]