Chunghwa Telecom President Mu-Piao Shih leaves at short notice

  • Signs for push-out forces
  • After almost four years on the job
  • Chi-Mau Sheih taking over

(management-change.com) — Taipei, Taiwan, December 29, 2016 — Mu-Piao Shih, President of Chunghwa Telecom, leaves. It is a change at short notice. As announced by Chunghwa Telecom Co., Ltd. in a news release on Thursday, December 29, 2016, Mu-Piao Shih leaves the post as President at the largest telecommunications company in Taiwan in a surprising move after almost four years on the job, effective January 04, 2017.

Shih’s duties are taken over by Chi-Mau Sheih, currently Senior Executive Vice President at Chunghwa Telecom Co., Ltd.

No reason given

In the announcement, Chunghwa Telecom did not explicitly explain the reason for Shih’s imminent move, leaving room for speculation.

“Retire”

Chunghwa Telecom said: “Mr. Sheih will succeed Mr. Mu-Piao Shih, who will retire from the Company.”

Shih filed his retirement plan with the company two years before reaching the company’s retirement age of 65.

Precise information about the future plans of Shih was not immediately available.

Chaired by Yu Cheng

Chunghwa Telecom Co., Ltd. is chaired by Yu Cheng.

On December 15, 2016, Chunghwa Telecom announced that Yu Cheng will take over the roles as Chairman and CEO of the Company, succeeding Lih-Shyng Tsai, effective December 15, 2016.

On the job as President since 2013

Mu-Piao Shih served as the President of Chunghwa Telecom Co., Ltd. since April 1, 2013.

Shih served as a senior executive vice president of Chunghwa Telecom from August 2011 to April 1, 2013, an executive vice president of the company and the manager of Chunghwa Telecom’s Mobile Business Group from September 2009 to August 2011, an assistant vice president and a deputy manager of the Mobile Business Group from March 2005 to September 2009, and the senior chief engineer of the Mobile Business Group from October 2001 to March 2005.

Shih holds a master’s degree in Electronic Engineering from the National Taiwan University.

Signs for push-out forces

It is not completely certain what forces eventually triggered Mu-Piao Shih’s move.

The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.

Read the full story in the management-change.com report 01.2017 ($).