GigaMedia Chairman Mo-Na Chien Retires - Quick Facts

(RTTNews) - GigaMedia Limited (GIGM) announced that Chairman Mo-Na Chien retired his position from the Company and resigned from the Company's Board of Directors, effective on December 1, 2015.

Mo-Na Chien has served as Chairman of the Board and Executive Director since November 2012.

The Company's Board of Directors has appointed Mr. Collin Hwang, the current Chief Executive Officer of the Company to chairman's position following the retirement of Mr. Mo-Na Chien effective December 1, 2015.

The Company also announced resignation of two board members, King Wai Alfred Wong and Mr. Dirk Chi-Ching Chen, effective December 1, 2015.

Following the changes announced today, GigaMedia's board is comprised of six members with more than a majority as independent directors.