Monday, April 22, 2013

GigaMedia Ltd. (GIGM) Announces Billy Huang Added as New Independent Director to Board

GigaMedia, a diversified provider of online games and cloud computing services, announced that Billy Huang, vice president of The Walt Disney Company, will be joining GigaMedia’s board as an independent director. This addition brings GigaMedia’s board to a total of nine members, a majority of whom are independent directors. GigaMedia anticipates that the addition of Mr. Huang and his extensive experience will provide significant support to its growth strategy and perpetual commitment to increasing shareholder value.

“Billy has worked with some of the most well-known companies in the world at every stage of development and his experience in building new services and expanding operations will be of tremendous value to Giga,” stated GigaMedia Chairman of the Board Mo-Na Chien. “He is exceptionally well suited to help our team leverage its existing assets and lead GigaMedia into a new phase of growth.”

“With growing talent and multi-platform technology, GigaMedia is positioned to benefit from two emerging markets that have enormous potential: social games and cloud computing services,” stated Billy Huang. “I am excited to work with Mo-Na, Collin and the Giga team as we expand and scale up Giga’s services in Greater China.”

Billy Huang has accumulated over 20 years of senior leadership experience in the technology/media industry, and has effectively established a proven track record of driving accelerated growth. In his current position as Vice President for the mainland China, Hong Kong, and Taiwan markets at The Walt Disney Company, he successfully launched Disney Channel and Disney Junior Channel, as well as expanded services to new online media. He served as Vice President at Taiwan’s Videoland Communications from 1996-1998, and during this stint he executed a restructuring plan that effectively evolved the business from an old production house into a modern cable television consortium distributing content for global television brands including CNN, Cartoon Network, and Discovery Channel. Before that successful period in his career, Mr. Huang made a name for himself as the Vice President of Fantasmic International, a public relations and advertising firm in Taipei, as well as in numerous other positions with major advertising firms in Taipei.

Mr. Huang earned a master’s degree in mass communication from Texas Tech University and has a bachelor’s degree in journalism from Chinese Culture University in Taipei.

For further information, please visit www.gigamedia.com

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