Yang Ming appoints Mr. Kevin Lee as the new President following Mr. Cliff Pai’s retirement

Yang Ming Marine Transport Corp. held its 410th Board Meeting today (23rd) and approved the appointment of a new President. The Company announced that the current President, Mr. Cliff Pai, has submitted an application for retirement, and that Mr. Kevin Lee, currently Chief Commercial Officer and Senior Vice President, will assume the position effective February 10, 2026.

The newly appointed President, Mr. Kevin Lee, holds a Bachelor’s degree in International Business from National Taiwan University and an MBA from Claremont Graduate University in the United States. He joined Yang Ming in 1997 and began his career as a frontline sales representative. He has been stationed in key markets including China, the United States, and Europe, and previously served as Head of the Commercial Department and the Subsidiary Management Department. Since assuming the role of Chief Commercial Officer in 2023, Mr. Lee has overseen global trade performance, demonstrating strong strategic insight in new market development, key account management, and the governance of investment strategies.

The current President, Mr. Cliff Pai, who has served in the role since August 1, 2024, has advanced the Company’s strategic initiatives in alignment with the vision set by Chairman Dr. Chuck Tsai. Working closely with the Yang Ming team, he has focused on strengthening the Company’s core liner shipping business and has played a key role in shaping its strategic direction, with an emphasis on mid- to long-term sustainable development, business growth, digital transformation, and organizational reform. Major initiatives undertaken during his tenure include the fleet and container optimization plan, the extension of the long-term lease for Terminal No. 70 at Kaohsiung Port, and the accelerated establishment of the Global Service Center. These efforts have laid a solid foundation for Yang Ming’s long-term operational resilience and sustainable development.

Looking ahead, with Chairman Dr. Tsai’s strategic vision and digital innovation focus, together with the commercial expertise of incoming President Mr. Kevin Lee, Yang Ming is well positioned to support global trade and economic growth, with a target of achieving a 3.0–3.5% share of the global container shipping market by 2032. The Yang Ming team is expected to continue strengthening overall performance and pursuing sustainable growth.