Bronson Hsieh Leaves Evergreen to Head Yang Ming

 

Yang Ming Marine Transport, the nation’s second-largest container shipper in terms of fleet size, approved Hsieh’s appointment, reports said.

 

Hsieh worked at Evergreen Group for more than 40 years before stepping down from his position earlier this year.

 

Hsieh replaces Frank Lu, who has served as chairman of the shipping line since 2003. Hsieh lost his role at Evergreen in March during a succession battle between the two sons of the late chairman of the Taiwanese company, Chung Yung-fa.

 

Yang Ming Marine Transport reported a net loss of NT$7.72 billion (US$239.6) last year, or NT$2.24 in losses per share, with total sales of NT$127.56 billion.