Pegatron, a major Apple iPhone OEM, announced yesterday that Liao Chi-ching, who has served as general manager and CEO for more than 6 years, will step down and be replaced by Zheng Guangzhi and Deng Guoyan as PEGATRON’s new general manager and co-CEO, the first time Pegatron has started a dual CEO system.
According to the announcement, it was announced that former General Manager and CEO Chi-Cheng Liao is only retiring from the company and will continue to serve as a director of Pegatron in the future, as well as the chairman of Pegatron’s subsidiary Kingmaker Technology.
On the same day, Pegatron released its financial results for the second quarter of this year, which showed that Pegatron’s revenue for the second quarter of this year was NT$283.658 billion (approximately RMB63.823 billion), a decrease of 12.4% sequentially and an increase of 4.2% year-over-year. Operating profit was NT$6.549 billion (approximately RMB1.474 billion), an increase of 55% sequentially and 1.43 times year-over-year.
In addition, Pegatron’s first-half revenue was NT$60.78 billion (approximately RMB136.683 billion), up 24.3% year-over-year, but net income attributable to the mother company was NT$4.783 billion (approximately RMB1.076 billion) in the first half of the year, less than half of the same period last year, which can be described as a cut.
According to Taiwan Economic Daily, Deng Guoyan has been with Pegatron for 27 years and currently serves as general manager of Pegatron’s fifth business unit, in charge of business for important customers such as notebook computers and consumer electronics. Zheng Guangzhi has been with Pegatron for 29 years and was the long-time head of Pegatron’s R&D. He is currently the general manager and CEO of Haihua Technology, a Pegatron-invested netcom module factory.
Although Pegatron has not previously disclosed that it has started generation change planning, sources close to the matter said that Pegatron has been planning to start generation change for more than half a year and finalized the plan in July this year.
Pegatron said on August 5 that the company’s factories in mainland China are running normally. “The company’s production has not stopped, and shipments have not been interrupted.”
