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.
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