EVA Airways Corp has replaced its chairman following an unscheduled board meeting today. – Wikipedia pic, March 11, 2016.EVA Airways Corp, Taiwan's second-biggest carrier and part of shipping conglomerate Evergreen Group, said its chairman Chang Kuo-wei has been replaced following an unscheduled board meeting today.
The decision takes effect immediately, EVA said in a statement, without elaborating further. Chang was not immediately available to comment. EVA officials could not immediately be reached for comment.
Chang had been chairman since 2013. His father Chang Yung-fa, who founded the Evergreen Group, died in January and named Chang to succeed him as group chairman and as his sole heir, a source familiar with the situation said.
Chang's replacement follows reports in local media of a family feud over the founder's naming Chang to succeed him.
The new chairman is company veteran Steve Lin.
EVA Airways has grown rapidly in the past few years.
In 2015, the airline announced plans to buy 26 Boeing wide body jets comprising 24 787-10s and two more 777-300ERs. This is in addition to another 13 777-300ERs it had on order at that time.
This will allow the airline to transfer more passengers between Southeast Asia and North America via its Taipei hub, and puts it in a strong position if Chinese passengers are allowed to transfer to North America-bound flights in Taipei.
EVA shares ended flat on Friday before the decision was announced, while the main index rose 0.5%. – Reuters, March 11, 2016.
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