Foxconn chairman plans to step down, pave way for younger talent GlobeBusiness
The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to move up the ranks of the world’s largest contract manufacturer.
When asked by Reuters if he would quit as chairman, Gou said he was moving in that direction, although any decision needed to be discussed with the company’s board.“I don’t know where you got the information from. But I have to say, basically, I’m working towards that direction - to walk back to the second line, or retire ... I have been busy for 45 years. I should hand it over to young people,” Gou said.“I’m already 69 years old. I can pass down my 45 years of experience.
“Initially, we will tell the shareholders in the AGM in June. In the board meeting in between April-May we will give the new list of board members to the board,” Gou said. “It doesn’t mean he will just be gone. He will remove himself to the second line and he would not be involved in the daily operations,” the source said.Foxconn’s shares rose after the news and closed 3.2 percent higher on Monday.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Institute unveils ‘Team Canada of cancer research’ at spot where Terry Fox began runThe Terry Fox Research Institute says the Marathon of Hope Cancer Centres network will help accelerate so-called precision medicine.
Read more »
Terry Fox’s latest contribution to cancer care: the Marathon of Hope Cancer NetworksThe project just received a $150-million kick-start from the federal government – a single line in the March 19 federal budget that went largely unnoticed – and that will be matched dollar-for-dollar by the hospital partners
Read more »
The movie that (nearly) killed Terry GilliamHow it took 25 years, a flood of stars and an infinite amount of patience to bring The Man Who Killed Don Quixote to the big screen
Read more »
Terry Glavin: It’s official – China is a threat to Canada’s national securityParliamentarians’ report details Beijing’s complex campaigns of subversion, threats, influence-buying, bullying and espionage here
Read more »
Terry Glavin: It's official – China is a threat to Canada's national securityThe reason for the public’s relative inattention to influence-and-espionage threats posed by foreign powers like China and Russia is that the federal government tends to avoid addressing the issue …
Read more »
Institute unveils 'Team Canada of cancer research' in city where Fox began runThe Terry Fox Research Institute has launched a new national network to bring together leading cancer hospitals and research universities from across Canada.
Read more »
Deconstructing Julian Assange - Macleans.caTerry Glavin: His half-witted admirers consider him a liberal-left truth-teller. But he’s no friend of truth. He’s a friend of tyrants.
Read more »
Sudanese President Omar al-Bashir steps down, government sources sayTens of thousands take to the streets in the centre of Khartoum in jubilation, dancing and chanting anti-Bashir slogans
Read more »