Lee Shun Chin has been designated as the next president of CPC Corp., Taiwan, following the resignation of Liu Cheng Hsie, who has resigned for health reasons, according to the Taipei Times.
Aged 65, Lee has worked at CPC Corp. for 38 years. He is currently CEO of CPC Corp.’s Refining Division. Lee is also responsible for the Industrial Safety & Health Department, Storage & Transportation Department, Refining & Manufacturing Research Institute and the Green Technology Research Institute.
The appointment is pending the approval of the Executive Yuan and the board later this month. Following the confirmation of his appointment, Lee is expected to assume office next month.
CPC Corp. is Taiwan’s state-owned oil and gas company. As a business enterprise under state ownership, CPC Corp. is responsible not only for returning profit to the government but also for supplying sufficient energy to the domestic market.
CPC Corp.’s business areas include oil & gas exploration and production, refining, petrochemicals, lubricants, solvents and chemicals. It is also Taiwan’s sole importer and supplier of natural gas.
CPC Corp., along with three other state-owned companies namely, Taiwan Power Co., Taiwan Sugar Corp. and Taiwan Water Corp., is under the supervision of the ministry’s state-owned Enterprise Commission.