Wednesday, 19 June 2019

Foxconn chief hints reduced role, will remain chairman

TAIPEI: Foxconn boss Terry Gou hinted Monday he would soon step back from frontline operations while remaining at the helm of the major Apple supplier.

The firm said its billionaire founder would not be relinquishing his role as chairman, rebutting earlier media reports.

But the 69-year-old said that a coming board shake-up would minimise his “personal influence”.

“I will still be involved and be in charge of the company’s major directions in the future but I will take a more advisory role on daily operations,” Gou said on the sidelines of a forum in Taipei.

“I feel that my personal influence should be toned down,” he added. His comments were emailed to AFP by Foxconn.

Gou also said he plans to write a book to pass on the lessons of his 45 years of management experience.

“The present goal I set for myself is to let young people learn sooner in order to take over sooner and replace me sooner,” he said.

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