August 21, 2016
Tan Hochen, chairman of Taiwan-based Chunghwa Telecom (CHT) has resigned from his post to take an early retirement.
CHT’s largest shareholder, the Ministry of Transportation and Communications (MOTC), has appointed CHT’s president Shyue-ching Lu as the company’s new chairman.
It is rumoured that Hochen was pushed into early retirement by the MOTC.
Lu’s place will be taken by Shaio-Tung Chang, a senior vice president at CHT.
CHT is the biggest telecoms company in Taiwan; its largest shareholders are the Taiwanese government.
Lucrative pay means that chairmanship of CHT is a much sought after position, especially by Taiwanese politicians.