Yang Ming Marine Transport Corporation (“Yang Ming”) today (31st July) held the 396th Board Meeting to approve that Mr. Cliff Pai, Chief Strategy Officer and Senior Executive Vice President, will assume the role of President effective 1st August, 2024.

Yang Ming continues to build a comprehensive management team and deepen its operations at crucial global offices through senior management rotations. The newly appointed President, Cliff Pai, has joined Yang Ming since 1984. He has extensive experience in different departments in Headquarter. He also served various roles including Chairman of YES Logistics Corp., a subsidiary of Yang Ming Group, and Managing Director of Yang Ming (Mediterranean) Company.

President Patrick Tu, who took office on 12th November, 2020, has focused on improving operational performance and optimize cost competitiveness of Yang Ming. During his tenure, the company achieved record-high profits from 2021 to 2022 and sustained profitability for four consecutive years. His leadership has successfully laying a strong foundation for Yang Ming Group’s sustainable development. Under the senior management rotation system, President Tu will assume the new role of Senior Executive Vice President on the same date.

In addition to the challenges of economic cycles and geopolitical evolution, the shipping industry also faces increasing compliance costs, the impacts of climate change, and the trials posed by digital and AI transformation. With Chairman Tsai’s broad academic background and innovative mindset, complemented by the comprehensive experience of newly appointed President Pai, Yang Ming is set to tackle emerging risks and enhance overall operational performance. The company is poised to embark on its next phase of development and growth while continuing to deliver GOOD for life.