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Article: TAIWAN HIGH-SPEED RAIL CORP CHANGES GUARD.
- Article from:
- AsiaPulse News
- Article date:
- September 23, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TAIPEI, Sept 23 Asia Pulse - In a move that was widely expected, the financially strapped Taiwan High-Speed Rail Corp. (THSRC) accepted the resignation of its chairwoman Nita Ing Tuesday and replaced her with its CEO Ou Chin-der.
At an extraordinary board meeting, Ing said she would step down, while Ou also offered to resign as the CEO of the high speed rail company, which has been weighed down financially by heavy interest payments and other non-operating expenses.
Ou, a former deputy mayor of Taipei, attended the meeting in his capacity as a representative of the government-controlled China Aviation Development Foundation, a major shareholder. He was ...