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Chunghwa Telecom Announces Change of Senior Executive Vice President and Chief Financial Officer

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2 years ago

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Upon the Completion of Mr. Vincent Yu-Shen Chen’s secondment, Ms. Audrey Wen-Hsin Hsu Will Take Over the Position

TAIPEI, Aug. 9, 2024 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (“CHT”, “Chunghwa Telecom” or the “Company”, TAIEX: 2412, NYSE: CHT) announced that its Board of Directors today has approved the appointment of a new Senior Executive Vice President and Chief Financial Officer (CFO). The current CFO, Mr. Vincent Yu-Shen Chen, will return to National Chengchi University after his secondment period ends. Ms. Audrey Wen-Hsin Hsu from National Taiwan University will take over the position with the new appointment set to take effective on September 1, 2024.

Mr. Shui-Yi Kuo, Chairman and Chief Executive Officer of Chunghwa Telecom, expresses his gratitude to Mr. Chen for his significant contributions over the past four years. Mr. Chen has overseen the Company’s accounting, finance, and stakeholder communication efforts. During the organization transformation, he led the accounting team to revamp the internal control and cost/managerial accounting systems, significantly enhancing the quality of managerial decision and performance appraisal in the post-transformation period. As the head of the corporate governance team, Mr. Chen initiated the issuance of the first sustainability bond in the telecommunication industry in Taiwan, introduced responsible investment in short-term fund management, linked executive variable compensation with ESG outcomes, and implemented many industry-leading sustainability initiatives. These efforts helped the Company clinched the first place in the global telecommunication industry in the 2023 Dow Jones Sustainability Index (DJSI) and significantly improved its MSCI scores and ratings. Mr. Chen’s engagement with domestic and international investors was also recognized by the prestigious Asian magazine, Corporate Governance Asia, earning him the title of 2024 Asia’s Best CFO. On the investment front, he served as the Chair of IPO task force for CHT Security International and International Integrated Systems Inc., respectively, facilitating the listing of these two subsidiaries in the capital market. He is also the founding Chairman of Chunghwa Digital Cultural and Creative Capital, helping the Company expand into the cultural and creative industry. As Mr. Chen will return to National Chengchi University following the completion of his secondment, Mr. Kuo hopes that Mr. Chen will continue to contribute to the country and society.

The newly appointed CFO, Ms. Hsu holds a Ph.D. in Accounting and Finance from Lancaster University in the UK. She is a Certified Public Accountant in Taiwan, and has passed Level 3 of the Chartered Financial Analyst (CFA) exam in the United States.  Ms. Hsu is currently a full-time professor in the Department of Accounting at National Taiwan University. She previously served as the Associate Dean of International Affairs at School of Management, the Director of the Global MBA program, and the Secretary General of Taiwan Accounting Association. During her tenure as the Director of the Global MBA program, Ms. Hsu assisted International Business Group of Chunghwa Telecom in developing global talents. She specializes in financial accounting and had served as a long-term member of the Financial Accounting Standard Board in Taiwan and is currently a member of Financial Accounting Issues Task Force. In addition to her solid academic background, Ms. Hsu also has extensive industry experience. She has served as independent director for publicly listed company in high-tech industry sector, was a board member of Global Venture Capital Corporation, and was a director at Taiwan Insurance Guarantee Fund.

Chairman Kuo mentioned that Chunghwa Telecom is one of the few top-tier Taiwanese companies that can be publicly listed on the U.S. capital market. The CFO plays a vital role in enabling the Company to connect internationally. As business evolves, the role of the CFO must also continually advance. A top-tier company CFO should possess a strategic business mindset, integrating financial management with corporate strategy. By using financial data as a tool, the CFO should align strategy, execution, and performance, assisting the CEO in formulating and making management decisions to maximize company value.

Chairman Kuo further indicated that Ms. Hsu has extensive academic expertise and industry experience. He expects her to advance strategic financial management with a business-focus approach, assist in advancing corporate governance, and help the Company achieve its three major visions: becoming an international benchmark enterprise built upon sustainable development, becoming a leading brand of digital co-creation ecosystem, and becoming a first-rate technology group with trillions in market value.

Contact: Angela Tsai
Phone:+886 2 2344 5488
Email: chtir@cht.com.tw   

View original content:https://www.prnewswire.com/news-releases/chunghwa-telecom-announces-change-of-senior-executive-vice-president-and-chief-financial-officer-302218780.html

SOURCE Chunghwa Telecom

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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July 23, 2026

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

Published

20 minutes ago

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July 23, 2026

By

NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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20 minutes ago

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July 23, 2026

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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