Evergreen founder’s son-in-law named new company chairman

Photo: © Yali Shi | Dreamstime.com

Cheng Shen-chi, son-in-law of Evergreen Marine Corporation’s late founder, Chang Yung-Fa, has been appointed chairman of the group’s holding company, Evergreen International.

It’s a move seen as an attempt to quell the infighting among Dr Chang’s four sons for control over the group.

Mr Cheng, formerly chairman of Taiwanese banking group Mega Financial Holdings, was appointed at a board meeting on Wednesday.

He said many of his family trusted him to serve as chairman and added that he hoped to use his position ...