Foxconn Claims Gou Will Remain Chairman, to Withdraw From Daily Operations

Foxconn Says Gou Will Remain Chairman, to Withdraw From Daily Operations

Taiwan’s Foxconn, an assembler of Apple’s iPhones, Stated Terry Gou will remain chairman of the world’s largest contract Maker, though he Intends to Draw from daily operations.

The comment came after Reuters reported that Goustated he intended to resign in coming months to allow younger ability to move up the tech firm’s ranks.

“His desire is to withdraw from daily operations following developed and mentored a new generation of talent to continue Foxconn’s assignment. As chairman, Mr Gou will continue to provide strategic leadership and guidance,” Foxconn stated in a statement.

Asked by Reuters on Monday if he’d stop as chairman, Gou said, in 69 years old, he had been going in that direction, although any decision required to be discussed together with Foxconn’s board.

“I don’t know where you got the information from. However, I must say, basically, I’m working towards that direction – to return to the second point, or retire,” Gou said.

He also signalled a significant management reshuffle.

“At the board meeting in April-May we will give the new collection of board members to the board,” Guo said .

Foxconn, officially called Hon Hai Precision Industry, is expected to hold its annual general assembly in June.

Any management reshuffle would mark another top-level change at a major tech company on each side of the Taiwan Strait.

In September, Jack Ma, co-founder of Chinese e-commerce giant Alibaba Group Holding Ltd, said he’d step down as chairman in a year to permit for younger direction.

Launched in 1974, the Foxconn set is the world’s largest contract manufacturer with T$5.2 trillion ($168.52 billion) in annual revenue. It assembles goods for a miscellany of international tech firms but relies on Apple for more than half of annual revenue, analysts said.


Please enter your comment!
Please enter your name here