Himax Announces Resignation of Chief Financial Officer
01 Oktober 2010 - 2:54PM
Himax Technologies, Inc. ("Himax" or the "Company") (Nasdaq:HIMX)
today announced that Chief Financial Officer ("CFO") Max Chan has
resigned from his position, effective immediately, to pursue a
career opportunity with a private bio-tech company. The Board of
Directors has begun the process of searching for a replacement CFO.
The Board of Directors has appointed Finance and Accounting
Manager Jessica Pan as Acting CFO until further notice. Jessica Pan
will assume the responsibilities of CFO in addition to her existing
duties as Finance and Accounting Manager.
Jordan Wu, Chief Executive Officer of the Company, said,
"Jessica has been with us since February 2006 and has more than 12
years relevant experience. She has been in charge of Himax's
accounting and financial operations and has been playing an
integral role in our internal control over financial reporting.
Jessica has also worked closely with Max. With her extensive
background in finance and accounting, I am very confident that
Jessica is capable in the interim position, helping us make a
seamless transition until we identify a suitable replacement."
Mr. Wu continued, "We really appreciate Max's contribution to
Himax. He joined us in June 2004 and has been our CFO since October
2005. Over the past years, he led the team to enhance the standard
of our financial control, procedures and reporting and also
successfully accomplished several important investment and
financial projects for Himax, including our initial public offering
on the NASDAQ. We truly wish him the best in his future
endeavors."
Prior to joining Himax, Jessica worked as Assistant Finance
Manager for Advanced Semiconductor Engineering, Inc. from 2002 to
2006 and as an auditor for T N Soong & Co, now a member firm of
Deloitte Touche Tohmastu, from 1998 to 2001.
About Himax Technologies, Inc.
Himax Technologies, Inc. designs, develops, and markets
semiconductors that are critical components of flat panel displays.
The Company's principal products are display drivers for
large-sized TFT-LCD panels, which are used in desktop monitors,
notebook computers and televisions, and display drivers for small
and medium-sized TFT-LCD panels, which are used in mobile handsets
and consumer electronics products such as netbook computers,
digital cameras, mobile gaming devices, portable DVD players,
digital photo frame and car navigation displays. In addition, the
Company is expanding its product offerings to include timing
controllers, LCD TV and monitor chipset solutions, LCOS projector
solutions, power management ICs, CMOS image sensors, infinity color
technology and 2D to 3D conversion solutions. Based in Tainan,
Taiwan, the Company has regional offices in Hsinchu and Taipei,
Taiwan; Ninbo, Foshan, Fuqing, Beijing, Shanghai, Suzhou and
Shenzhen, China; Yokohama and Matsusaka, Japan; Cheonan-si,
Chungcheongnam-do, South Korea; and Irvine, California, USA.
Forward-Looking Statements:
This press release contains forward-looking statements that are
subject to risks and uncertainties. Factors that could cause actual
events or results to differ materially include, but are not limited
to, general business and economic conditions and the state of the
semiconductor industry; market acceptance and competitiveness of
the driver and non-driver products developed by the Company; demand
for end-use applications products; reliance on a small group of
principal customers; the uncertainty of continued success in
technological innovations; our ability to develop and protect our
intellectual property; pricing pressures including declines in
average selling prices; changes in customer order patterns; changes
in estimated full-year effective tax rate; shortages in supply of
key components; changes in environmental laws and regulations;
exchange rate fluctuations; regulatory approvals for further
investments in our subsidiaries; our ability to collect accounts
receivable and manage inventory; our ability to retain and attract
key personnel; the uncertainties associated with our Taiwan listing
plan which is subject to change due to, among other things, changes
in Taiwan or US authorities' policies and Taiwan regulatory
authorities' acceptance of any listing application to be filed by
the Company, and other risks described from time to time in the
Company's SEC filings, including those risks identified in the
section entitled "Risk Factors" in its Form 20-F for the year ended
December 31, 2009 filed with the SEC on June 3, 2010 as may be
amended.
CONTACT: Himax Technologies, Inc.
Investor Relations
Jessie Wang
+886-2-2370-3999 Ext. 22618
jessie_wang@himax.com.tw
Jessica Huang
+886-2-2370-3999 Ext. 22513
jessica_huang@himax.com.tw
In the U.S.
The Ruth Group
Joseph Villalta
+1-646-536-7003
jvillalta@theruthgroup.com
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