FPG’s Executive Board Appoints Chia Chau Wu as President

To achieve sustainable development and uphold the principle of separating ownership and management, the two founders of Formosa Plastics Group (FPG) established the “Executive Board,” the Group’s highest decision-making body, in 2001. It consisted of top executives from the Group’s major companies, alongside the “Executive Management Committee,” which allowed the founders to continue overseeing corporate operations.

After five years of steady operation, the two founders formally handed over management responsibilities in 2006 and transitioned to the “Executive Management Committee” to provide oversight.

In 2017, to further implement this philosophy, the founders’ family members—Wong WenYuan, Wang Jui-Hua, Wang Wen-Chao, and Sandy Wang—moved from the “Executive Board” to the “Executive Management Committee,” while the “Executive Board” became fully composed of top-level managers from FPG’s five major companies. To ensure a smooth transition, Wong WenYuan concurrently served as Chairman of the “Executive Management Committee” and President of the “Executive Board.”

Now, after eight years, the transitional phase has been successfully completed. Wong WenYuan will step down as President of the “Executive Board,” and Chia Chau Wu, Chairman of Nan Ya Plastics, has been appointed to the role—further reinforcing the principle of separating ownership and management.

Looking ahead, the “Executive Management Committee” will continue to oversee FPG’s operations and provide strategic guidance, working closely with the “Executive Board” to drive sustainable development and corporate transformation in response to global economic trends.