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Business News » World News

Foxconn says Gou will remain chairman, to withdraw from daily operations

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Updated: Tue, Apr 16, 2019
06:33 am
Reuters
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Taiwan`s Foxconn, an assembler of Apple Inc`s iPhones, said Terry Gou will remain chairman of the world`s largest contract manufacturer, although he plans to withdraw from daily operations.

Foxconn`s statement came after Reuters reported that Gou said he planned to step down in the coming months to pave the way for younger talent to move up the company`s ranks.

"His wish is to withdraw from daily operations after having developed and mentored a new generation of talent to carry on Foxconn`s mission. As chairman, Mr Gou will continue to provide strategic direction and guidance," Foxconn said.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

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