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BRILLIAN : BRLC CEO goes on leave

luyckxj
06 juin 200818:32

Friday, June 6, 2008 - 9:18 AM MST

Syntax-Brillian board continues shift as CEO goes on leave

Phoenix Business Journal - by Patrick O'Grady

Syntax-Brillian Corp. CEO James Ching Hua Li is taking an indefinite leave of absence, further shaking up the company's board.

Effective Wednesday, Greg Rayburn became interim CEO of the Tempe-based manufacturer of high-definition LCD televisions. Li will be paid during his leave and continue to serve as a board member.

Rayburn has been chief operating office of Syntax-Brillian (Nasdaq: BRLC) since April 16. He has served as CEO of several companies, including Muzak Holdings LLC and International Outsourcing Services LLC.

Two board members resigned in late May within days of each other. Man Kit "Thomas" Chow resigned May 28, and Christopher C.L. Liu resigned May 30.

Company officials said the changes are part of a shift in corporate governance structure that will result in a board with two executive directors and six independent directors.

The company has been battling financial woes for several months. In May, the company announced it was restating more than a year's worth of financial earnings. It also has laid off workers and been the subject of a Federal Communications Commission fine.

Source:
http://phoenix.bizjournals.com/phoenix/stories/2008/06/02/daily62.html?ana=yfcpc


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