Tuesday, 5 July 2016

Himax Technologies (HIMX) Updates on CTO Retirement; Doesn't See Impacting Operations, R&D

Himax Technologies, Inc. (Nasdaq: HIMX) provided more insights into the Company's organizational structure and technology development following the previously announced long-planned retirement of its Chief Technology Officer, Mr. Chih-Chung Tsai.

The Company believes that the retirement of Mr. Tsai will not impact the Company’s business and technology development. The Company’s organization has been that each product line is led by individual general managers ("GM") and respective chief technology officers of business units and subsidiaries. All product line GMs and CTOs interact closely with the Company's Founder and Chairman, Dr. Biing-Seng Wu, who sets the Company’s overall technology direction. Dr. Wu has been and remains the Company's head technologist leading the Company’s various industry-leading technology innovations.

"Our organizational structure is flat which allows us to gather ideas directly from our business units and subsidiaries," said Dr. Wu. "This organizational structure has provided optimal efficiency for our Company’s operations. We believe that it has been a strong contributor to our ability to deliver numerous breakthroughs and maintain our technology lead in the display and optic fields. Looking forward, as we expect growth from all of our product segments, this organizational structure is even more critical to the overall success of our business.”

Resource: http://www.streetinsider.com
Resource: https://www.kvtr.com/tech/

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