Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Sampo Appoints New President
Nov 16, 2005
 Printable format
 Email this Article
 Search

Sampo Co, Taiwan's number two TV maker, announced it has appointed a high-level executive with financial and consumer electronics backgrounds to be its new president, a position which has been vacant for a year. Afuna Chen was approved in a board meeting to take the helm of the new position on Dec. 1.

Chairman Eric Chen has been doubling as the company's president after Ho Heng-chun resigned in October last year for personal reasons.

"Sampo will be relying on Afuna Chen's expertise and his financial and consumer electronics backgrounds for the company's restructuring and expansion," spokesperson Michael Chen said.

Afuna Chen's main tasks are to improve the performance of Sampo's affiliates, which include the money-losing Sampo Technology Inc and Rechi Precision Co. Rechi resumed trading on the Taiwan Stock Exchange last Wednesday after the company was banned from trading shares in May when management was suspected of embezzlement and accounting fraud.

In the longer term, Afuna Chen will help ensure a fairer arrangement of resources within the firm's various units, forming synergies with partners to focus on core strengths as well as relocating production facilities for greater utilization, Michael Chen said.

In this vein, Sampo is expected to announce a strategic alliance with a Taiwanese IT firm to explore markets in Europe. The synergy will, it is hoped, enhance Sampo's manufacturing, sales and channel capabilities in the region. However, the company refused to disclose further details.

Prior to joining Sampo, Afuna Chen had 18 years of financial expertise, including 16 years with the China Development Industrial Bank, as well as working at Shinkong Financial Holding Co, where he has been vice president since last year.

He started his career with Sony Taiwan, where he spent 14 years overseeing production and planning operations. "I will initiate plans complying with Sampo's latest vision of focusing on brand, channel and services management," Afuna Chen told reporters following the announcement. (Taipei Times)

Back to Daily News

 

Daily News

...........................................................

Oct 31, 2014: Whirlpool Completes Acquisition of Majority Stake In Hefei Sanyo

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows