Bel Announces Retirements of Raymond Cheung, VP of Asia Operations, and Mr. YK Tso, Zhongshan Operations Director; Kenneth Lai Named Successor for VP of Asia Operations

About this update from Bel Fuse Inc.

[{"type":"text","content":"JERSEY CITY, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced that Raymond Cheung will retire from the Company effective January 1, 2023 after 31 years of service, having served in the role of Vice President of Asia Operations since 2007. Further, Mr. YK Tso, Operations Director of Bel’s facility in Zhongshan, China, will also be retiring from the Company effective January 1, 2023. Kenneth Lai, who has senior management responsibility over our TRP Changping and Bel Power Solutions Gongming China operations, has been named to succeed Mr. Cheung as Vice President of Asia Operations, also effective January 1, 2023. Daniel Bernstein, President and CEO, said, “We greatly appreciate Raymond’s hard work, dedication and commitment to Bel for the past three decades. Under Raymond’s leadership, our Bel Asia business has successfully grown into one of the most stable and reliable companies in the electronics industry. Raymond has been instrumental in building long-term customer relationships and establishing solid alliances with Bel’s partners across the many Asian countries. “Mr. Tso joined Bel in 1973 as an assistant foreman for Bel’s delay line manufacturing and has been the Operations Director managing Bel’s largest manufacturing operations since 1996. One of the longest tenured associates at Bel, we all are very proud of Mr. Tso’s accomplishments from moving factories, to managing thousands of associates and oversight of the building and shipping of hundreds of millions of dollars of Bel’s products throughout his 50 years with the organization. Mr. Tso has always been a dependable and reliable manager, sometimes under the most challenging of circumstances. “Words cannot express the gratitude that we have to Raymond and Mr. Tso for their service and friendship over these many years and we wish them both the best in their retirements and future endeavors. “Raymond and I have worked closely with Kenneth over the past several months to plan for a smooth succession and we are excited to have him join the senior executive team. Kenneth’s familiarity with our Asia operations, his expertise in Lean methodology, driving change and a culture of continuous improvement at the operational level, and his leadership qualities will enhance our team’s ability to execute Bel’s future growth objectives and ...

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