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Morris Chang:Not Rule Out Hiring a Foreign CEO

Published: Dec 05,2013

【Taipei,Taiwan】 According to Taiwan’s media, Morris Chang, President of TSMC, will resign in the next ten years and he has put it on file to choose the candidate from either one of the current CEO or overseas CEO.

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The 83-years-old President Chang responded to Taiwan’s media that he will not step down until the end of this term, June 2015, even until 90 years old probably but do not exceed 93 years old; meanwhile he will release the responsibility gradually.

As for the next President candidate, he added that President should be responsible for company performance regardless of how much authority released to CEO by President. Therefore, replacement of President is the most important thing for a company.

Chang said that the current two CEO’s ability to be CEO is just for 30% and the remaining is still engineering. The achievement of CEO should reach 90% and 10% for engineering to cross the gap, otherwise he will not resign.

Mark Liu and C.C. Wei will be the prior candidate of President but it still have another choice, Chang added. He knew many outstanding CEO and President and didn’t eliminate to recruit overseas profession.

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