ASAT replaces CEO, shuffles board

September 1, 2006 – ASAT Holdings Ltd. has appointed Tung Kok Li as acting CEO effective immediately, succeeding Robert Gange who has resigned citing personal reasons, but will serve as a consultant during a transition period. Meanwhile, board member Kei Chua will serve as acting CFO while the company continues to search for a permanent CFO (Gange held the position from 2002-2005).

Li was previously chairman of ASAT’s board of directors, of which he has been a member since 1999. Gange was promoted to CEO in Aug. 2005, replacing Harry Rozakis, and led the company’s transition of manufacturing from Hong Kong to new facilities in mainland China.

ASAT also has appointed Joseph Martin as EVP of sales and marketing; he was formerly CEO of QPL International Holdings, with prior tenure at ASAT as SVP and COO. In addition, the company also has replaced one of its directors: Andrew Liu, a board member since October 1999, has resigned, replaced by Peter Hopper, a senior advisor to the CCMP Capital Asia group, and former exec with Philips Electronics.


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