Deswell Industries appoints new chairman

  • Stock Market News
Deswell Industries appoints new chairman
Credit: © Reuters.

MACAO - Deswell Industries, Inc. ( NASDAQ :DSWL), a manufacturer of injection-molded plastic parts and electronic products, announced the appointment of Ms. Lau Wai Ming as Chairman of the Board, effective last Monday. This change in leadership follows Ms. Lau's recent election to the Board of Directors at the company's Annual Meeting of Shareholders earlier in February.

Her background includes a significant tenure at PAG Consulting, where she led the Global Human Capital operations. Before her time at PAG Consulting, Ms. Lau spent over 13 years at Goldman Sachs, including a role as an Executive Director in the Finance Division.

Her early career was marked by seven years at Deloitte Touche Tohmatsu in the Assurance and Tax Advisory Services division, culminating in a managerial position.

Her professional qualifications are underpinned by accreditation from The American Institute of Certified Public Accountants since 2003, and an academic foundation with a bachelor’s degree in accountancy from The George Washington University, obtained in 2001.

Deswell Industries is known for producing a broad range of products, including consumer and industrial plastic parts and components, printed circuit board assemblies, and complete electronic products such as studio-quality audio equipment and computer peripherals.

The company operates factories in the People's Republic of China and serves original equipment manufacturers (OEMs) and contract manufacturers.

The announcement of Ms. Lau's chairmanship is based on a press release statement from Deswell Industries and does not include any forward-looking statements from the company regarding operational changes under the new leadership.

The press release also contained cautionary notes on forward-looking statements, outlining various risks and uncertainties that could affect the company's business and financial results.

Investors and interested parties can obtain further information about Deswell Industries and its risk factors from the company's Annual Report on Form 20-F, available through the Securities and Exchange Commission's website.

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