STATS ChipPAC CFO resigns

By Ann Steffora Mutschler, Senior Editor -- Electronic News, 5/2/2007

Singapore-based semiconductor test and advanced packaging service provider STATS ChipPAC Ltd. announced Tuesday that Michael G. Potter, senior VP and CFO has resigned from his position effective May 4 to pursue other interests in the U.S.

Tham Kah Locke, VP of corporate finance, will serve as acting CFO until a permanent replacement for Potter is made, the company said.

The company said Kah Locke has been with the company since 2004, and has been instrumental in its financial reporting, treasury and investor relations efforts.

He has extensive financial reporting experience and was with Ernst and Young prior to joining STATS ChipPAC.  Kah Locke holds a Bachelor of Business degree with a major in Actuarial Science from the Nanyang Technological University, Singapore.

Tan Lay Koon, president and CEO of STATS ChipPAC said in a statement, “Kah Locke knows our business well and has strong financial and accounting knowledge. He has also recently assumed a larger role in our investor relations activities. I am confident that Kah Locke will provide the right leadership to ensure that our business is financially well supported and that our internal controls are robust.”