GigaMedia (GIGM) Appoints New Chairman

May 18, 2009 7:48 AM EDT

GigaMedia Limited (Nasdaq: GIGM) announced that Board member Michael Ding has been appointed Chairman of the Board by the Directors of GigaMedia.

"Michael Ding is widely viewed as one of the most respected and experienced finance executives in Asia and we are very proud to welcome him as our new Chairman," stated CEO Arthur Wang. "We have enjoyed the benefits of his experience and judgment during his five years on the Giga Board -- and we look forward to his continued assistance as our new Chairman."

"GigaMedia is an exciting company strongly positioned to become a global leader in online entertainment," stated Chairman Michael Ding. "I have been happy to serve on the Board for the last five years and am honored to accept the additional role as Chairman of the Board."
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