Alpha and Omega Semiconductor Limited today announced that its Board of Directors approved a leadership transition plan in which Dr. Mike Chang, currently Chief Executive Officer and Chairman of the Board, will serve as Executive Chairman of AOS, and he will transition the role of Chief Executive Officer to Mr. Stephen Chang, currently the President of AOS. The leadership transition will be effective on March 1, 2023.
Dr. Chang founded AOS more than 22 years ago and has led a dedicated and talented team to create and expand one of the most successful and well-recognized fast-growing power semiconductor companies in the world. As a full-time Executive Chairman, Dr. Chang will continue to be deeply involved in AOS by focusing more on strategic matters such as key relationships with critical partners and customers of AOS and technology development essential to ensure sustained and long-term growth. Dr. Chang will also continue to serve as Chairman of the Board.
“It has been a tremendous privilege to serve as Chief Executive Officer of AOS, and I am very proud of the many successes and accomplishments since the inception of our company,” Dr. Chang said, “It is with great confidence and pleasure that I now turn the chief executive position to Stephen, who has already demonstrated his leadership skills and business acumen since his appointment as AOS’s President two years ago, leading AOS to achieve record revenues and profitability.”
Stephen Chang will be appointed Chief Executive Officer and continue to lead AOS to realize and achieve its business and financial objectives. As Chief Executive Officer, Stephen will take on additional management responsibilities for all aspects of AOS’s business operations, including finance, human resources, and legal compliance. Stephen will continue to execute strategies that have resulted in the many accomplishments of AOS in recent years, including successes in product diversification, technology development, Tier 1 customer partnerships and supply-chain management.
Stephen Chang stated: “I am excited to lead the AOS team and build on our differentiated technology and strong customer relationships to deliver sustainable growth and long-term value for our stakeholders, including realizing our one-billion-dollar annual revenue target and beyond. I am honored to be given this opportunity to lead AOS as the Chief Executive Officer and continue the legacy and foundation built by Dr. Chang. I greatly appreciate Dr. Chang’s guidance during the past years, and I thank the Board of Directors for its confidence and trust in me.”
The Board of Directors of AOS approved the executive transition plan following a comprehensive and deliberate process in which many factors were reviewed and considered in making the decision. Mike Salameh, the Lead Independent Director of the Board, stated: “The Board believes that given his proven track record, Stephen is the right leader to take AOS to the next level of accomplishment and success. With Mike Chang’s continuing leadership and guidance as the Executive Chairman, as well as his long-standing relationships with key partners, AOS is well positioned to pursue its ambitious business and financial objectives, and to create long-term value for its shareholders. The Board looks forward to working with Mike and Stephen in their new roles.”