Image taken from Pixabay

Taipei, July 18 (CNA) Angela Chang (張振亞), a former chief executive director of President Tsai Ing-wen's (蔡英文) Thinking Taiwan Foundation, has been appointed president of Taipei 101, officially known as 101 Taipei Financial Center Corp., during an interim board meeting on Wednesday, according to a spokesperson for the company.

The company, primarily owned by pan-government shareholders, decided to replace incumbent Taipei 101 president Chen Shih-ming (陳世明) with Chang. She will assume her new post Thursday, according to Taipei 101 spokesperson Chiang Pei-lin (蔣珮琳).

Mega International Commercial Bank is the 12th largest shareholder in Taipei 101 with a 2.746 percent stake. Chen was the bank's representative at the company and became president on Jan. 5, 2017.

Chang received a bachelor's degree from National Taiwan University's Department of Economics and an MBA from Harvard Business School in the United States, Chiang said.

She was most recently executive director of Taiwan Circular Economy Network and the Peng Wan-Ru Foundation, having previously served as CEO of the Taiwan branch of pharmaceutical giant Johnson & Johnson and its Asia Pacific vice president of marketing, and executive director of United Way of Taiwan.

Taipei 101 concluded its shareholders' and board meeting on June 27 at which time the board adopted a proposal to distribute a cash dividend of NT$1.304 per share to shareholders.

Taipei 101 Chairman Chou Te-yu (周德宇) is set to end his term later this year and whether he will remain in office has become a focus of much speculation.

Chiang said the company will hold a regular board meeting on Aug. 8 to discuss its financial statement, but the other items on the agenda have yet to be determined.

(By Chu Tse-wei and Evelyn Kao)Enditem/AW