Asia Pacific Wire & Cable Corporation Limited Announces Chief Financial Officer Change
Rhea-AI Summary
Asia Pacific Wire & Cable Corporation (Nasdaq: APWC) announced a change in its finance leadership effective April 30, 2026: Brian Ma replaces Ben Lee as Chief Financial Officer. Mr. Ma will serve as Acting CFO while the Board considers his permanent appointment.
Mr. Ma has more than 20 years of finance and accounting experience, prior CFO roles at ExoOne Bio, GuardForce AI and Summi Group, a CPA Australia membership, an MBA from Da-Yeh University and a BBA from Soochow University.
Positive
- Acting CFO appointed effective April 30, 2026
- 20+ years of finance and accounting experience
- Prior CFO roles at multiple publicly listed companies
- Professional credentials: Certified Practising Accountant, CPA Australia
- Advanced education: MBA (Da-Yeh University) and BBA (Soochow University)
Negative
- Interim status pending Board consideration of permanent appointment
- CFO transition could cause near-term leadership uncertainty in finance
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 29 | Earnings results | Positive | -0.6% | Reported FY2025 revenue and EPS growth with detailed Q4 performance. |
| Feb 26 | Rights offering result | Negative | -0.7% | Completed rights offering, selling maximum shares and raising equity capital. |
| Jan 28 | Rights offering update | Negative | +0.6% | Announced subscription take-up and remainder offering terms for rights issue. |
| Dec 18 | Rights offering start | Negative | -0.6% | Launched rights subscription period with detailed pricing and timeline. |
| Dec 04 | Rights offering dates | Negative | +0.5% | Outlined key dates and structure for upcoming equity rights offering. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news often shows mixed alignment: positive earnings and some offerings saw share moves that diverged from the apparent news tone.
Over the last several months, APWC focused on equity financing and reporting 2025 results. Multiple rights offering announcements from Dec 2025 through Feb 2026 detailed subscription mechanics, proceeds around the $30–34M range, and use of funds for expansion in North America and Southeast Asia. Earnings released on Apr 29, 2026 highlighted FY2025 revenue of $489.7M and EPS of $0.18. The current CFO change follows this capital-raising and reporting cycle, adding another governance-focused update to the sequence.
Key Terms
certified practising accountant financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
TAIPEI, Taiwan, May 01, 2026 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (the “Company” or “APWC”) (Nasdaq: APWC) announces the replacement of Ben Lee by Brian Ma as Chief Financial Officer of the Company effective April 30, 2026. The Company thanks Mr. Lee for his service and wishes him and his family well in his future endeavors and relocation plans.
“We are pleased to welcome Mr. Brian Ma as our Acting Chief Financial Officer, effective April 29, 2026. Mr. Ma will serve in such interim capacity until the Board of Directors has the opportunity to consider his appointment as Chief Financial Officer,” said Yuan Chun Tang, Chief Executive Officer of APWC.
Mr. Ma brings more than 20 years of experience in finance and accounting, including senior roles with publicly listed companies. Prior to joining APWC, Mr. Ma served as Chief Financial Officer at ExoOne Bio Co., Ltd., GuardForce AI and Summi (Group) Holdings Limited, among others. Previously, Brian held senior financial positions in financial institutions in Taiwan including Taipei Fubon Commercial Bank, one of the major banks in Taiwan. Brian has accumulated extensive commercial and industrial experience in the region.
Mr. Ma is a Certified Practising Accountant and member of CPA Australia and earned a Master of Business Administration from Da-Yeh University and a Bachelor of Business Administration from Soochow University.
Safe Harbor Statement
This release contains certain “forward-looking statements” relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “anticipates”, “expects”, “estimates”, “intends”, “plans” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as believed, anticipated, expected, estimated, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company, or to persons acting on its behalf, are expressly qualified in their entirety by these factors, other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
| Investor Relations Contact: |
| Pacific Holdings Group |
| 2901 Dallas Parkway, Suite 360 |
| Plano, TX 75093 |
| Attn: Paul Weber |
| Phone: (469) 797-7191 |
| Email: pweber@pusa.com |
