According to the news reported by PR Newswire on June 18, SMIC announced that Mr. Sean Maloney has been appointed as an Independent Non-executive Director of SMIC came into effect on June 15, 2013. And Dr. Gao Yonggang has served as SMIC's Executive Vice President of Strategic Planning and has been re-designated as an Executive Director came into effect on June 17, 2013.
Dr. Gao has served as SMIC's Non-executive Director from 2009. He is also a director of two subsidiaries of SMIC, namely Semiconductor Manufacturing International (Beijing) Corporation and Semiconductor Manufacturing International (Shenzhen) Corporation. However, Mr. Sean Maloney spent over 30 years at Intel Corporation. He is known within the high tech industry as a visionary.
Dr. TY Chiu, SMIC CEO and Executive Director, commented that the new appointments and redesignation of directors and their roles will further improve the decision-making processes and professionalism on key strategies and developments of SMIC, so enhancing corporate governance structure must benefit SMIC's long-term business.
