Asia Pacific Wire & Cable Corporation Limited (APWC) has appointed Brian Ma as its acting chief financial officer, effective April 30 2026. Ma, who began serving in the interim role on April 29, brings more than two decades of finance experience, including prior CFO positions at ExoOne Bio, GuardForce AI, Summi (Group) Holdings, and senior roles at Taipei Fubon Commercial Bank.
The change follows the departure of former CFO Ben Lee, who left the company after a brief tenure that began on May 12 2025. Lee’s exit was attributed to personal relocation plans, but the timing coincides with APWC’s recent financial results that highlight margin pressure and a need for disciplined financial stewardship.
APWC reported fourth‑quarter 2025 revenue of $489.7 million, up 4 % year‑over‑year, while the gross profit margin fell to 8.2 % from 8.7 % in the prior quarter and 9.1 % a year earlier. The decline reflects higher input costs and a shift toward lower‑margin product lines, underscoring the company’s ongoing challenge to maintain profitability amid competitive pricing pressures.
Management’s welcome of Ma signals confidence that his experience in cost control and capital allocation will help stabilize margins and support the company’s capital‑raising activities, such as the recent $34.2 million rights offering. The appointment positions APWC to navigate the current margin squeeze while pursuing growth opportunities in high‑value cable applications for infrastructure and industrial markets.
With Ma’s appointment, APWC’s leadership team aims to reinforce financial discipline and enhance transparency for investors, addressing concerns raised by analysts about thin margins and inconsistent cash flow. The company’s strategic focus remains on expanding its presence in the Asia‑Pacific region while optimizing its product mix to improve profitability.”
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