TAIPEI (TVBS News) — Taiwan Asset Management Corp (TAMCO, 台灣金聯) announced the resignation of Chairman Lu Cheng-Chang (呂政璋) on Friday (Nov. 8), citing personal career plans. Lu's decision took effect immediately, just three days after his appointment, sparking discussions within the financial sector.
Lu, who previously worked with Ting Hsin International Group (頂新集團), assumed the position after former Chairman Shih Jun-ji (施俊吉) was unexpectedly removed despite having two years left in his term. Lu's expertise in agriculture and marketing, rather than finance, initially raised eyebrows among industry insiders.
During the chairman transition ceremony on Wednesday, Lu expressed his intention to leverage his international experience to innovate government-affiliated enterprises, building on Shih's transformation efforts.
Shih openly questioned his removal, suggesting it might have been due to obstructing financial interests. He hinted at possible behind-the-scenes influence by former Yunlin County Commissioner Su Chih-fen (蘇治芬), who reportedly shares a good relationship with Lu.
During the ceremony, Shih voiced his dissatisfaction, stating, "I didn't know why I came here four years ago, and four years later, I still don't know why I'm leaving four years later."