Chief Executive Officer, Board Member
CurrentCEO of the company, a Board member since mid-2015. Briefly performed as acting General Manager of the Foundry Business in 2015. Actively focused on turning around the company in terms of re-bounding the revenue, margin and profitability as well as rebuilding the customer and organization. In January 2017, successfully raised $86M via 144a offering with multiple aspect - over-subscribed, achieved much better terms, MX stock price rose after the capital raise despite the dilution of the equity.In 2016, MagnaChip revenue rebounded to 8.6% year to year growth, margin up to 25.5% at the fourth quarter, and had an annual operating income of positive $2.7M while adjusted EBITA grew to $40.7M from $0.8M in 2015. Previously, the company revenue decreased in 2013, 2014 and 2015, gross margin down to 21% level, and had cumulative negative operating income of ~$150M from 2013 to 2015.Drove very vigorous cost reduction program and the company saved $65M normalized spending in 2015 and 2016 cumulatively.Company successfully settled re-statement litigation and with active shareholders.