ATI founder stands down
The founder of ATI and current chairman is stepping down and leaving the company to spend more time with his family.
K.Y. Ho founded the graphics company in 1985, and was also CEO until June 2004 when David Orton took over. James Fleck has been elected by the company’s board as its new non-executive chairman.
‘ATI has been more than a major part of my career, it has been a part my life that I will always treasure,’ said Ho. ‘With the OSC matter now resolved completely in my favour, I have decided to spend more time with family and pursue my personal interests. I leave ATI with confidence that under the continued leadership of our CEO David Orton, ATI will successfully continue its track record as the leading graphics company in the world.’
In 2003 Canadian authorities began investigations over ATI’s reporting of financial results – ATI under financial investigation. Specifically, the Ontario Securities Commission (OSC) began investigating the reporting of third quarter results from 2000.
In March of this year, ATI and the OSC reached a settlement whereby ATI paid CDN $900,000 in costs.
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