Contact Information: Singapore Contact: Tham Kah Locke Investor Relations Tel: (65) 6824 7635 Fax: (65) 6720 7826 email: Email Contact US Contacts: Lisa Lavin Marcom Manager Tel: (208) 939 3104 Fax: (208) 939 4817 email: Email Contact The Ruth Group David Pasquale Executive Vice President Tel: (646) 536 7006 email: Email Contact
STATS ChipPAC Appoints Acting CFO
| Source: STATS ChipPAC
UNITED STATES -- (MARKET WIRE) -- May 1, 2007 -- SINGAPORE -- 05/02/2007 -- STATS ChipPAC Ltd.
("STATS ChipPAC" or the "Company") (NASDAQ : STTS ) and (SGX-ST: STATSChP), a
leading independent semiconductor test and advanced packaging service
provider, today announced that Michael G. Potter, Senior Vice President and
Chief Financial Officer, has resigned from his position as Senior Vice
President and Chief Financial Officer effective May 4, 2007 to pursue other
interests in the United States.
"We thank Michael for his many contributions to our finance and accounting
functions and wish him success in his future endeavors," said Tan Lay Koon,
STATS ChipPAC's President and Chief Executive Officer.
Tham Kah Locke, Vice President of Corporate Finance, will serve as acting
Chief Financial Officer until a permanent replacement for Michael Potter is
made. Kah Locke has been with the company since 2004. He has been
instrumental in our financial reporting, treasury and investor relations
efforts. He has extensive financial reporting experience and was with
Ernst and Young before joining STATS ChipPAC. Kah Locke holds a Bachelor
of Business degree with a major in Actuarial Science from the Nanyang
Technological University, Singapore.
Tan Lay Koon continued, "Kah Locke knows our business well and has strong
financial and accounting knowledge. He has also recently assumed a larger
role in our investor relations activities. I am confident that Kah Locke
will provide the right leadership to ensure that our business is
financially well supported and that our internal controls are robust."
About STATS ChipPAC Ltd.
STATS ChipPAC Ltd. ("STATS ChipPAC" or the "Company") -- (NASDAQ : STTS ) and
(SGX-ST: STATSChP) is a leading service provider of semiconductor packaging
design, assembly, test and distribution solutions. A trusted partner and
supplier to leading semiconductor companies worldwide, STATS ChipPAC
provides fully integrated, multi-site, end-to-end packaging and testing
solutions that bring products to the market faster. Our customers are some
of the largest wafer foundries, integrated device manufacturers (IDMs) and
fabless companies in the United States, Europe and Asia. STATS ChipPAC is a
leader in mixed signal testing and advanced packaging technology for
semiconductors used in diverse end market applications including
communications, power, digital consumer and computing. With advanced
process technology capabilities and a global manufacturing presence
spanning Singapore, South Korea, China, Malaysia and Taiwan, STATS ChipPAC
has a reputation for providing dependable, high quality test and packaging
solutions. The Company's customer support offices are centered in the
United States (California's Silicon Valley, Arizona, Texas, Massachusetts,
Colorado and North Carolina). Our offices outside the United States are
located in South Korea, Singapore, China, Malaysia, Taiwan, Japan, the
Netherlands and United Kingdom. STATS ChipPAC's facilities include those of
its subsidiary, Winstek Semiconductor Corporation, in Hsinchu District,
Taiwan. These facilities offer new product introduction support,
pre-production wafer sort, final test, packaging and other high volume
preparatory services. Together with our research and development centers in
South Korea, Singapore, Malaysia, China, Taiwan and the United States as
well as test facilities in the United States, this forms a global network
providing dedicated test engineering development and product engineering
support for customers from design to volume production. STATS ChipPAC is
listed on both the Nasdaq Stock Market and the Singapore Exchange
Securities Trading Limited. In addition, STATS ChipPAC is also included in
the Morgan Stanley Capital International (MSCI) Index and the Straits Times
Industrial Index. Further information is available at www.statschippac.com.
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