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

The comment came after Reuters reported that Goustated he intended to step down in coming months to permit younger talent to move up the tech company’s ranks.

“His desire is to draw from daily operations following grown and mentored a new generation of talent to carry on Foxconn’s mission. As chairman, Mr Gou will continue to provide strategic direction and advice,” Foxconn said in a statement.

Asked by Reuters on Monday when he’d quit as chairman, Gou said, at 69 years old, he was moving in that direction, although any decision needed to be discussed with Foxconn’s board.

“I really don’t know where you got the information from. However, I must say, essentially, I’m working towards that direction – to return to the next point, or retire,” Gou said.

He also signalled a major management reshuffle.

“In the board meeting in April-May we’ll give the new list of board members to the board,” Guo said without elaborating.

Foxconn, formally known as 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 firm on each side of the Taiwan Strait.

Morris Chang, founder of Apple supplier Taiwan Semiconductor Manufacturing (TSMC), retired as chairman this past year. In September, Jack Ma, co-founder of Chinese e-commerce giant Alibaba Group Holding Ltd, said he’d resign as chairman in annually to allow for younger direction.

Launched in 1974, the Foxconn set is the world’s largest contract manufacturer with T$5.2 trillion ($168.52 billion) in annual revenue. It assembles goods to get a miscellany of global tech firms but relies on Apple for over half of annual earnings, analysts said.

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