Cabinet approves new chairman for CPC Corp.: MOEA

In this Sept. 17, 2017, file photo, Tai Chein, then-president of Southern Taiwan University of Science and Technology, attends an unknown event of his university. According to the Ministry of Economic Affairs, the government has also approved him as the new chairman of state-run oil company CPC Corp. Taiwan. (NOWnews)

TAIPEI (CNA) — The Cabinet has approved a new chairman for state-run oil company CPC Corp. Taiwan (中油), the Ministry of Economic Affairs (MOEA) said in a statement Friday.

The MOEA said 68-year-old Tai Chein (戴謙), president of Southern Taiwan University of Science and Technology, will assume the post after the company holds a board meeting on Monday.

Economic Affairs Minister Shen Jong-chin (沈榮津) said Tai is no stranger to the industry as he has previously served as director of the Southern Taiwan Science Park Administration and vice chairman of the National Science Council.

Tai has received many important awards in the past, including a National Top Ten Outstanding Young People Award in 1985, an Order of Agricultural Merit from France in 2006, and an award for being among the top ten outstanding private university presidents in 2017.

CPC Acting Chairman Yang Wei-fuu (楊偉甫), who moved into the post after former Chairman Chen Chin-te (陳金德) resigned due to a massive blackout that hit the country on Aug. 15, became president of state-owned utility Taiwan Power Co. (台電) on Oct. 30. 

By Huang Ya-chuan and William Yen