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Chen Bao-lang named chair of Formosa Petrochemical

September 20/2011

(The China Post) -- Chen Bao-lang, former chairman of Kuokuang Petrochemical Technology Company, is expected to take over as Formosa Petrochemical Corp. (FPC) chairman Sept. 15, after the FPC's core leadership resigned in July, FPC said yesterday. The proposal is expected to be adopted officially at an FPC board meeting Sept. 15 and Chen will take up the post immediately, the company said. In order to avoid a conflict of interest, Chen said, he will resign as a member of a special government committee assigned to oversee safety at an FPC petrochemical complex in Mailiao, Yunlin County.

The committee, formed under the Industrial Development Bureau ofthe Ministry of Economic Affairs, plans to convene a meeting around Sept. 20 to examine the suspension of operations at the plants.

Wilfred Wang and Su Chi-yi stepped down as FPC chairman and president, respectively, in late July after the seventh blaze in a year broke out on July 30 at an oil refinery in Mailiao owned by the Formosa Plastics Group.

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