Delta Electronics, INC. announced today that its board of directors has
met and proposed the following changes in executive positions: Yancey
Hai, Delta’s longtime vice chairman and CEO, will take over as chairman
of Delta’s board of directors. President and COO, Mark Ko, will take
over as vice chairman; president of China operations, Ping Cheng, has
been appointed as company CEO; senior vice president Johnson Lee will be
president and COO. Delta’s founder and chairman Bruce Cheng will
continue to serve on the board as honorary chairman.
“To ensure Delta’s sustainable operation, I have planned the succession
thoroughly,” said Bruce Cheng, Delta’s founder and honorary chairman. “I
started the handover when I appointed Yancey Hai as Delta’s vice
chairman and CEO eight years ago. Now Mr. Hai has been appointed as
chairman and I am confident that he will continue to lead Delta to the
next level.”
Delta’s new chairman Yancey Hai stated, “Serving as chairman is a new
responsibility and I will do my best. Each echelon in Delta’s executive
management team, from president, vice presidents to general managers,
consists of well-experienced managers who have joined Delta for many
years, which makes the system much more stable.”
Ping Cheng, Delta’s new CEO, spoke further about the company’s future
development, “Under the leadership of new management, Delta will still
focus on three business scopes: Power Electronics, Energy Management,
and Smart Green Life. We will also continue to build Delta’s brand,
provide total solutions, and strengthen our relationships with regional
customers and channels, while ‘Focus’ and ‘Deliver’ remain our operation
policies for initiating more opportunities.”
Delta’s Board of Directors consists of 10 directors and 3 independent
directors. In addition, Delta sets up an Audit Committee and
Compensation Committee to complete corporate governance. Chairman Yancey
Hai will lead corporate governance and board operations; Vice Chairman
Mark Ko will manage Delta’s related companies and lead the integration
of cross-business techniques and products to provide total solutions;
CEO Ping Cheng will be responsible for organization operations and new
business development; and President and COO Johnson Lee will oversee all
business unit operations.
About Delta Group
Delta Group, founded in 1971, is the global leader in power and thermal
management solutions. Our mission statement, “To provide innovative,
clean and energy-efficient solutions for a better tomorrow,” focuses our
role in addressing key environmental issues such as global climate
change. As an energy-saving solutions provider, Delta's businesses
encompass power electronics, energy management, and smart green life.
Delta has sales offices worldwide and manufacturing facilities in
Taiwan, China, USA, Europe, Thailand, Japan, India, Mexico, and Brazil.
In 2011 Delta was named to two Dow Jones Sustainability Indexes (DJSI):
the DJSI World Index and the DJSI Asia/Pacific Index. Delta was also
recognized as a Sustainable Asset Management (SAM) “Gold Class Company”
and “Sector Mover” in the 2012 Sustainability Yearbook of SAM.
For detailed information on Delta Group, please visit: www.deltaww.com.
