IBM names new chief of Greater China Group
IBM Corp. named Dah-Chuen Chien to succeed Henry Chow as chief executive officer (CEO) for China, Hong Kong and Taiwan, effective immediately, the Wall Street Journal reported Monday.
Chow, who has been chairman and CEO of IBM's Greater China Group for almost 12 years, will remain as chairman. The Journal reported that an IBM spokeswoman said the management changes will give Chow more time to prepare for his retirement. IBM could not immediately be reached for comment.
Chien previously was the company's general manager for Southeast Asia and South Asia.
Among the recent IBM developments in China on Chow's watch, IBM and Lehman Brothers announced Oct. 30, 2006, the joint creation of the China Investment Fund to invest in Chinese companies. Investments by the fund, which has an initial capitalization of U.S. $180 million, are intended to support the Chinese government’s policy to encourage companies to be innovative.
IBM also signed an agreement in late November to establish a Global Delivery Center within the Chengdu Tianfu Software Park in Western China's Sichuan Province. Scheduled to be operational by February, the new center will provide application development and maintenance services to clients around the world in English, Japanese, and Chinese, and to the IBM Global Procurement Center, recently relocated to the southern Chinese city of Shenzhen.
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