Who is the newly appointed director of CTBC Bank Corp. (USA)?

Shirley Yu-Tsui, President of Greater China at Visa Inc., has been appointed as an independent director.

Why did the board changes occur?

The changes were due to the expiration of directors' terms, followed by re-election at the shareholders' meeting.

What is Shirley Yu-Tsui's professional background?

She is the President of Greater China at Visa Inc., overseeing operations in China, Hong Kong, and Taiwan.

When does the new board take effect in Taiwan time?

Effective July 1 in U.S. time, which corresponds to July 2, 2026, in Taiwan time.

Is there any significant impact on shareholders?

No major strategic shifts are expected, as less than one-third of the board has changed, ensuring continuity.

CTBC Financial Holding Announces Board Appointment List for Subsidiary CTBC Bank Corp. (USA)

Published Jun 30, 2026 9:00 AM ・ Updated Jul 2, 2026 1:36 PM ・ 6 min read ・ Source: PR Times

CTBC Bank Corp. (USA), a subsidiary of CTBC Financial Holding, announced board appointments on June 30, 2026. Incumbent directors including Tai-Keh Cheng were re-elected, and Shirley Yu-Tsui, President of Greater China at Visa Inc., was newly appointed as an independent director. The changes, resulting from the expiration of terms and shareholder election, take effect on July 2, 2026, Taiwan time.

1. Date of Change: June 30, 2026 2. Category of Appointed or Changed Personnel (please specify: corporate director, corporate supervisor, independent director, individual director, or individual supervisor): Individual Director 3. Former Directors’ Titles and Names: (1) Director, Tai-Keh Cheng (2) Director, Noor Menai (3) Director, Tsai-Jay Hsia (4) Director, Chih-Chung Huang (5) Independent Director, Terrence J. Grasmick (6) Independent Director, William Walbrecher (7) Independent Director, Joseph H. Tseng (8) Independent Director, Anders Chung Yang 4. Former Directors’ Resumes: (1) Tai-Keh Cheng: Chairman of CTBC Bank Corp. (USA) (2) Noor Menai: Director of CTBC Bank Corp. (USA) (3) Tsai-Jay Hsia: Director of CTBC Bank Corp. (USA) (4) Chih-Chung Huang: Director of CTBC Bank Corp. (USA) (5) Terrence J. Grasmick: Independent Director of CTBC Bank Corp. (USA) (6) William Walbrecher: Independent Director of CTBC Bank Corp. (USA) (7) Joseph H. Tseng: Independent Director of CTBC Bank Corp. (USA) (8) Anders Chung Yang: Independent Director of CTBC Bank Corp. (USA) 5. Newly Appointed Directors’ Titles and Names: (1) Director, Tai-Keh Cheng (2) Director, Noor Menai (3) Director, Tsai-Jay Hsia (4) Director, Chih-Chung Huang (5) Independent Director, Terrence J. Grasmick (6) Independent Director, Joseph H. Tseng (7) Independent Director, Anders Chung Yang (8) Independent Director, Shirley Yu-Tsui 6. Newly Appointed Directors’ Resumes: (1) Tai-Keh Cheng: Chairman of CTBC Bank Corp. (USA) (2) Noor Menai: Director of CTBC Bank Corp. (USA) (3) Tsai-Jay Hsia: Director of CTBC Bank Corp. (USA) (4) Chih-Chung Huang: Director of CTBC Bank Corp. (USA) (5) Terrence J. Grasmick: Independent Director of CTBC Bank Corp. (USA) (6) Joseph H. Tseng: Independent Director of CTBC Bank Corp. (USA) (7) Anders Chung Yang: Independent Director of CTBC Bank Corp. (USA) (8) Shirley Yu-Tsui: President, Greater China, Visa Inc. 7. Nature of Change (please enter 'resignation', 'dismissal', 'term expiration', 'death', or 'new appointment'): Term expiration 8. Reason for Change: Election by shareholders 9. Number of Shares Held by New Appointees at Time of Appointment: Not applicable 10. Previous Term (e.g., 07/02/2024 ~ 07/01/2025): 07/02/2024 ~ 07/01/2025 11. Effective Date of New Appointment: 07/02/2026 12. Rate of Director Changes During Same Term: Not applicable 13. Rate of Independent Director Changes During Same Term: Not applicable 14. Rate of Supervisor Changes During Same Term: Not applicable 15. Is the Change Involving One-Third or More of the Directors? (Yes or No): No 16. Other Matters to be Clarified (if the subject is a publicly listed company, this announcement qualifies as a material event under Article 7, Clause 6 of the Enforcement Rules of the Securities and Exchange Act, significantly affecting shareholder rights or stock prices): Due to time zone differences between the two regions, this appointment takes effect on July 1 in U.S. time, which corresponds to July 2 in Taiwan time.

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Source: PR Times
Category: 人事
Organizations: Visa Inc.

CTBC Financial Holding Announces Board Appointment List for Subsidiary CTBC Bank Corp. (USA)

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