Semiconductor Manufacturing International Corp., China's largest and most advanced semiconductor foundry, this week announced that Sean Maloney, a former high-ranking executive from Intel Corp., has been appointed as an independent non-executive director of SMIC. The appointment marks ultimate recognition of SMIC as a global leader in semiconductor manufacturing by one of the brightest minds in the semiconductor business
Sean Maloney spent over 30 years at Intel and is known within the high tech industry as a visionary. From August 2011 to January 2013, Mr. Maloney served as chairman of Intel China where he was responsible for overseeing and developing the company's strategy. Prior to this appointment, he was general manager of the corporation's Intel architecture group. He also previously ran the company's communications group and was chief of sales and marketing worldwide for the company, etc. Mr. Maloney suffered a stroke in early 2010, but returned to Intel. He retired early in 2013.
Gao Yonggang has been appointed SMIC's executive vice president of strategic planning and has been re-designated as an executive director.
Gao Yonggang has more than 20 years of experience in the area of financial management and was the chief financial officer of the China academy of telecommunications technology, the chairman of Datang Capital and Datang Telecom Group Finance and an executive director of Datang Hi-Tech Venture Capital Investment. He was also a director and the senior vice president of Datang Telecom Technology & Industry Holdings. He is a standing committee member of Accounting Society of China. Dr. Gao was appointed as SMIC's non-executive director in 2009. He is also a director of two subsidiaries of the company in, namely Semiconductor Manufacturing International Corp. in Beijing and Shenzhen.
"The new appointments and redesignation of directors and their roles will further improve the company's decision-making processes and professionalism on key strategies and developments, so to enhance our corporate governance structure, for the benefit of SMIC's long-term business," said TY Chiu, chief executive officer of SMIC.