TAIPEI, May 8, 2015 /PRNewswire/ -- GigaMedia Limited
(NASDAQ: GIGM) today announced that Chief Financial Officer (CFO)
Dirk Chen ("Dirk") has resigned his
position from the Company for his personal reasons but remains on
the Board of Directors to continue to assist the Company in
strategic decision making. The resignation is effective as of
May 1, 2015. Prior to GigaMedia, Dirk
had served Chailease Holding Co., Ltd. for 30 years and retired.
Dirk joined GigaMedia in February
2012. Together with the management team, Dirk strengthened
the Company's financial foundation and ensured the Company with
good corporate governance and sound financial practices.
Collin Hwang, Chief Executive
Officer of the Company, stated "On behalf of the Board and the
management, I would like to thank Dirk for his contributions to the
Company during his tenure, and wish him well in his future
endeavors."
Mr. Huang Shih-Chin, the current
head of Finance Department of GigaMedia will assume CFO duties on
an interim basis.
About GigaMedia
Headquartered in Taipei, GigaMedia Limited (Singapore registration number: 199905474H) is
a diversified provider of online games and cloud computing
services. GigaMedia's online games business is an innovative leader
in Asia with growing game
development, distribution and operation capabilities, as well as
platform services for games; focus is on mobile games and social
casino games. The company's cloud computing business is focused on
providing enterprises in Greater
China with critical communications services and IT solutions
that increase flexibility, efficiency and competitiveness. More
information on GigaMedia can be obtained from
www.gigamedia.com.
The statements included above and elsewhere in this press
release that are not historical in nature are "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. GigaMedia
cautions readers that forward-looking statements are based on the
company's current expectations and involve a number of risks and
uncertainties. Actual results may differ materially from those
contained in such forward-looking statements. Information as to
certain factors that could cause actual results to vary can be
found in GigaMedia's Annual Report on Form 20-F filed with the
United States Securities and Exchange Commission in April 2014.
Amanda Chang
Investor Relations Department
Country/City Code 8862 Tel: 2656-8080
amanda.chang@gigamedia.com.tw
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/gigamedia-announces-resignation-of-chief-financial-officer-300080244.html
SOURCE GigaMedia Limited