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TSMC Special Board of Directors Meeting Resolution
HSINCHU, Taiwan, R.O.C., Feb. 29, 2024 – The TSMC (TWSE: 2330, NYSE: TSM) Board of Directors today held a special meeting and approved the appointment of Senior Vice President of R&D Dr. Y.J. Mii and Senior Vice President of Operations Mr. Y.P. Chyn as Executive Vice Presidents and Co-Chief Operating Officers of TSMC.
Following these appointments, the two Executive VPs and Co-COOs, as well as TSMC’s HR, Finance, Legal and Corporate Planning organizations, will report directly to Chief Executive Officer Dr. C.C. Wei. All other organizations will report to the two Executive VPs and Co-COOs. The new organizational structure will take effect on March 1, 2024.
Interesting sounds similar to UMC's structure. For a company like a foundry I like the idea of having two CEOs who report to a chariman. No clue if in practice it is worse then just having one CEO though.
