Upon the Completion of Mr. Vincent Yu-Shen Chen's
secondment, Ms. Audrey Wen-Hsin Hsu Will Take Over the
Position
TAIPEI, Aug. 9, 2024
/PRNewswire/ -- Chunghwa Telecom Co., Ltd. ("CHT", "Chunghwa
Telecom" or the "Company", TAIEX: 2412, NYSE: CHT) announced that
its Board of Directors today has approved the appointment of a new
Senior Executive Vice President and Chief Financial Officer (CFO).
The current CFO, Mr. Vincent Yu-Shen
Chen, will return to National Chengchi University after his
secondment period ends. Ms. Audrey Wen-Hsin
Hsu from National Taiwan University will take over the
position with the new appointment set to take effective on
September 1, 2024.
Mr. Shui-Yi Kuo, Chairman and
Chief Executive Officer of Chunghwa Telecom, expresses his
gratitude to Mr. Chen for his significant contributions over the
past four years. Mr. Chen has overseen the Company's accounting,
finance, and stakeholder communication efforts. During the
organization transformation, he led the accounting team to revamp
the internal control and cost/managerial accounting systems,
significantly enhancing the quality of managerial decision and
performance appraisal in the post-transformation period. As the
head of the corporate governance team, Mr. Chen initiated the
issuance of the first sustainability bond in the telecommunication
industry in Taiwan, introduced
responsible investment in short-term fund management, linked
executive variable compensation with ESG outcomes, and implemented
many industry-leading sustainability initiatives. These efforts
helped the Company clinched the first place in the global
telecommunication industry in the 2023 Dow Jones Sustainability
Index (DJSI) and significantly improved its MSCI scores and
ratings. Mr. Chen's engagement with domestic and international
investors was also recognized by the prestigious Asian magazine,
Corporate Governance Asia, earning him the title of 2024 Asia's
Best CFO. On the investment front, he served as the Chair of IPO
task force for CHT Security International and International
Integrated Systems Inc., respectively, facilitating the listing of
these two subsidiaries in the capital market. He is also the
founding Chairman of Chunghwa Digital Cultural and Creative
Capital, helping the Company expand into the cultural and creative
industry. As Mr. Chen will return to National Chengchi University
following the completion of his secondment, Mr. Kuo hopes that Mr.
Chen will continue to contribute to the country and society.
The newly appointed CFO, Ms. Hsu holds a Ph.D. in Accounting and
Finance from Lancaster University in the UK. She is a Certified
Public Accountant in Taiwan, and
has passed Level 3 of the Chartered Financial Analyst (CFA) exam in
the United States. Ms. Hsu
is currently a full-time professor in the Department of Accounting
at National Taiwan University. She previously served as the
Associate Dean of International Affairs at School of Management,
the Director of the Global MBA program, and the Secretary General
of Taiwan Accounting Association. During her tenure as the Director
of the Global MBA program, Ms. Hsu assisted International Business
Group of Chunghwa Telecom in developing global talents. She
specializes in financial accounting and had served as a long-term
member of the Financial Accounting Standard Board in Taiwan and is currently a member of Financial
Accounting Issues Task Force. In addition to her solid academic
background, Ms. Hsu also has extensive industry experience. She has
served as independent director for publicly listed company in
high-tech industry sector, was a board member of Global Venture
Capital Corporation, and was a director at Taiwan Insurance
Guarantee Fund.
Chairman Kuo mentioned that Chunghwa Telecom is one of the few
top-tier Taiwanese companies that can be publicly listed on the
U.S. capital market. The CFO plays a vital role in enabling the
Company to connect internationally. As business evolves, the role
of the CFO must also continually advance. A top-tier company CFO
should possess a strategic business mindset, integrating financial
management with corporate strategy. By using financial data as a
tool, the CFO should align strategy, execution, and performance,
assisting the CEO in formulating and making management decisions to
maximize company value.
Chairman Kuo further indicated that Ms. Hsu has extensive
academic expertise and industry experience. He expects her to
advance strategic financial management with a business-focus
approach, assist in advancing corporate governance, and help the
Company achieve its three major visions: becoming an international
benchmark enterprise built upon sustainable development, becoming a
leading brand of digital co-creation ecosystem, and becoming a
first-rate technology group with trillions in market value.
Contact: Angela Tsai
Phone:+886 2 2344 5488
Email: chtir@cht.com.tw
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SOURCE Chunghwa Telecom
