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

The remark came following Reuters reported the Goustated he intended to resign in coming months to permit younger ability to move the tech company’s ranks.

“His desire is to draw from daily operations following grown and mentored a new generation of ability to continue Foxconn’s assignment.

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

“I really don’t understand where you got the data from. However, I must say, essentially, I am working towards this direction – to return to the next point, or retire,” Gou said.

He also signalled a significant management reshuffle.

“At the board meeting in April-May we’ll 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 direction reshuffle would indicate another top-level change in a significant tech company on each side of the Taiwan Strait.

In September, Jack Ma, co-founder of Chinese e-commerce giant Alibaba Group Holding Ltd, stated he’d resign as chairman in annually to permit for younger direction.

Launched in 1974, the Foxconn set is the world’s largest contract maker with T$5.2 trillion ($168.52 billion) in annual earnings. It assembles products to get a miscellany of international tech companies but is based on Apple for more than half of annual earnings, analysts said.

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