Robert Tsao will continue to serve as company
Chairman
Hsinchu, Taiwan, April 1, 2002-- UMC (NYSE: UMC) announced today that
effective April 1st, Robert Tsao will no longer serve as the company
CEO. The position will be taken over by Vice Chairman John Hsuan,
while Robert will continue to serve as Chairman for the company.
UMC expressed, "This top-level reorganization
will allow our management team to maximize our efficiency by allowing
us to better specialize our individual efforts. Vice Chairman John
Hsuan possesses extensive sales and marketing experience, making
him a particularly ideal candidate for the CEO position. This move
also reflects UMC's customer-centric mentality, as it will create
a more dynamic management team allowing us to further focus our
efforts towards gaining market share as the industry recovers."
Contacts:
In Taiwan
Alex Hinnawi
UMC
(886) -2-2700-6999 ext. 6958
In the USA:
Eileen Elam
KJ Communications for UMC
(650)-917-1488
kjcome@cs.com
