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Taiwan Mobile president suddenly resigns

TAIPEI -- The board of directors for Taiwan Mobile Co. (台灣大哥大), the country's second-largest telecom operator, on Monday accepted the sudden resignation of its President Cliff Lai (賴弦五), who cited personal reasons.

James Cheng (鄭俊卿), chairman of Taiwan Mobile's multiple service operator unit Kbro Co. (凱擘), will take over from Lai, who will remain with the company as a senior consultant, Taiwan Mobile said in a statement.

Before joining Kbro, Cheng had served as Taiwan Mobile's chief technology officer and chief operation officer of its home business group from 2007 until 2011.

Lai, who was promoted to president from co-president three months ago, decided to step down because his heavy work load was affecting his family life and health, the company said.

Taiwan Mobile Chairman Richard Tsai (蔡明興) said he appreciates Lai's contribution to the company and respects his personal decision.

Industry sources said Lai is likely to join Hon Hai Precision Industry Co. in the future to help the world's largest contract electronics manufacturer break into Taiwan's 4G market. Hon Hai, however, declined to comment Monday on the speculations.

The company plans to recruit about 1,000 workers from the local telecom industry this year for its 4G business, which it hopes to launch in the second half of 2015, sources said.

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