Shen Yuan posted in a statement: "This appointment is my honor. We are all moving forward based on the founding of our brother Shen Wangfu many years ago. As we revitalize the company, I will receive a symbolic salary of 1 yuan a month."
Innovative Technology founder and president Shen Wangfu died in 2023. In 1989, he completely changed the sound quality of computers with his Sound Blaster.
Innovation Technology issued a statement after the market closed on Friday (May 16) in announcing the above news, saying that Dr. Chen Yuzhen, who was originally the interim president, will continue to serve as executive chairman.
The statement pointed out that Shen Yuanfa, 67, has more than 40 years of experience in the fields of consumer electronics and technology. His expertise and extensive leadership will continue to accelerate the company’s journey of innovation and continue to deliver industry-leading innovative products.
Creative Technology, a digital sound technology company, appointed Shen Yuanfa, the younger brother of the late founder Shen Wangfu, as the company's president, and the appointment will take effect from now on.