ZHUHAI, China — Actions Semiconductor Co., Ltd. (Nasdaq: ACTS), one of China's leading fabless semiconductor companies that provides comprehensive mixed-signal system-on-a-chip (SoC) and multimedia digital signal processing (DSP) solutions for portable consumer electronics, today announced that Mr. Nigel Liu has been promoted to Chief Financial Officer, effective September 1, 2011.
Mr. Liu will replace Ms. Patricia Chou, who has resigned as Chief Financial Officer, effective August 31, 2011 to pursue another career opportunity. Ms. Chou will remain an advisor to the company following her departure. Mr. Liu currently serves as Internal Audit Director and Secretary to the Board of Directors of Actions Semiconductor.
Mr. Liu has over 13 years of accounting and finance experience and has been with Actions Semiconductor since 2007. Previously, he spent seven years in multiple management positions, most recently as Senior Manager (Leader of the Process Assurance and Improvement Solution), at PricewaterhouseCoopers in Taipei. Mr. Liu graduated with a Master of Business Administration from National Taiwan University. Mr. Liu holds a bachelor's degree in Accounting from Fu-Jin Catholic University in Taiwan. He is a Certified Public Accountant (CPA) and a Qualified Internal Auditor (QIA) of Taiwan, and a Certified Internal Auditor (CIA).
“We wish to thank Patricia for her contributions during her nearly five years at Actions Semiconductor. As CFO she built a strong finance team and also implemented a number of industry best-practices in financial reporting and corporate governance.
Additionally, Patricia managed the company's cash prudently and improved its yield significantly. We wish her the very best in her new endeavors,” stated Niccolo Chen, CEO of Actions Semiconductor.
“I am confident that Nigel, with his tenure with Actions Semiconductor, experience, and understanding of our business, will ensure a smooth transition. He brings valuable compliance and audit experience. Nigel will continue to maintain the company's commitment to the highest levels of transparency and corporate governance,” concluded Mr. Chen.