STATS Announces Appointment of New Chief Financial Officer.Business Editors SINGAPORE--(BUSINESS WIRE)--May 1, 2000 ST Assembly Test Services Ltd (Nasdaq:STTS STTS System Test & Troubleshooting Station STTS Service Tunnel Transport System (Channel Tunnel) )(SGX SGX Singapore Exchange SGX Supergreenx (trance/electronic musician) :ST Assembly) ("STATS" or the "Company") announced today the appointment of Tan Lay Koon as the new Chief Financial Officer of the Company. As the Chief Financial Officer, Lay Koon will have overall responsibility for all financial and accounting, investor relations Investor relations The process by which the corporation communicates with its investors. and legal matters of the Company. In that capacity, he will report directly to Tan Bock Seng, Chairman & Chief Executive Officer. "We are very pleased that Lay Koon has decided to join us. Lay Koon brings with him many years of financial management experience. As STATS grows, it is important that we have the right financial support for our business. Lay Koon is well qualified to provide leadership in this area," said Tan Bock Seng. Lay Koon joins STATS from Salomon Smith Barney, the global investment banking unit of Citigroup Inc., where he last served as a Director of Investment Banking focusing on technology companies. Before that, he held various positions with the Government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. , Times Publishing Limited and United Overseas Bank Limited in Singapore. Lay Koon graduated with a Bachelor of Engineering Bachelor of Engineering (commonly abbreviated as BE or BEng) is an undergraduate academic degree awarded to a student after three to five years of studying engineering at an accredited university in Australia, Canada, China, Finland, Germany, India, Ireland, Korea, (First Class Honors) from the University of Adelaide Its main campus is located on the cultural boulevard of North Terrace in the city-centre alongside prominent institutions such as the Art Gallery of South Australia, the South Australian Museum and the State Library of South Australia. , Australia as a Colombo Plan scholar. He also has a Master of Business Administration (Distinction) degree from the Wharton School, University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. where he was elected a Palmer scholar. Wong Kok Kit, the present Chief Financial Officer, has decided to leave the Company to pursue other interests. About ST Assembly Test Services Ltd ST Assembly Test Services Ltd (Nasdaq: STTS and SGX: ST Assembly) is a leading semiconductor test and assembly service provider to fabless companies, integrated device manufacturers and wafer foundries, and provides full back-end turnkey solutions to customers world wide. With its principal operations in Singapore and global operations in the United States, United Kingdom and Japan, STATS has particular expertise in testing mixed-signal semiconductors which are used extensively in fast growing communications applications such as data networking, broadband and mobile communications. STATS also offers advanced assembly services and has developed a wide array of traditional leadframe, advanced leadframe and laminate, including a wide range of ball grid array “BGA” redirects here. For other uses, see BGA (disambiguation). A ball grid array (BGA) is a type of surface-mount packaging used for integrated circuits. packages to serve some of the world's technological leaders. STATS was listed on the Nasdaq National Market and the Singapore Exchange on 28 January 2000 and 31 January 2000, respectively. For more information, visit the Company's website at www.stats.com.sg. |
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