The Digital Source For China's Tech Innovation Since 2000

Search
Close

UTStarcom Prepares For Leadership Change

May 11, 2006
Telecom & Wireless

UTStarcom (UTSI) announced that its Chairman and Chief Executive Officer, Hong Lu, notified the Board of Directors of his resignation.

Lu will remain as Chairman and CEO of the company until December 31, 2006, focusing on the company's strategic opportunities and assisting during the transition. Lu will remain as a strategic advisor to the company after his formal departure in December.

Tom Toy, currently an independent director of UTStarcom, will assume the position of chairman of the board as of January 1, 2007.

"I believe that now is the right time for me to pass the company's leadership to a new management team who will take UTStarcom to the next stage," stated Hong Lu. "I have great confidence in the company's prospects and believe that its new leadership and employees will successfully carry the business forward."

Ying Wu, CEO of China, will assume the CEO position as of January 1, 2007. Wu has been UTStarcom's Executive Vice-President and Vice Chairman of the Board of Directors since October 1995.

UTStarcom also announced that it started a search for a Chief Operating Officer who will be responsible for overseeing UTStarcom's worldwide operations and supporting its infrastructure enhancement efforts. This position, based in California, will work closely with the CEO in executing on the Company's strategy.

Tags: board of directors | Business | California | CEO | chairman | China | executive | independent director | infrastructure | IT | management | president | resignation | search | strategy | toy | UTSI | UTStarcom

Other Related News:

Tesla Buys More And More Lithium In China 24HTECH.ASIA

February 7, 2022

World Robot Conference kicks off in Beijing

September 13, 2021

Hurray Announces Online Music Distribution Deals

October 25, 2005

Google Signs Another Keyword Agent In China

November 9, 2006

Nokia Opens Mobile R&D Center In Sichuan

August 29, 2005

Macau Tells Junkets to Cease Loaning Gaming Funds to VIP Clients

December 9, 2021

China greenlights four sci-tech IPOs The Manila Times

November 29, 2021

The Chinese players in the games Blizzard earn now reward for the message on bad behavior Hi-Tech

February 27, 2022

BT Money Hacks Podcast: Invest safely in Chinese securities from Singapore

September 7, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....