Founder’s exit gives Foxconn opportunity to push for a succession plan regardless, and a much-needed governance revamp, says petesweeneypro:
Terry Gou, chairman of Taiwanese contract manufacturer Foxconn, said on April 15 that he planned to step down in the coming months to hand over to “young people”.
Speaking on the sidelines of an event in Taipei, Gou said the decision needed to be discussed with the board of Foxconn, the assembler of Apple’s iPhones, which is formally known as Hon Hai Precision. Gou said he would remain involved “in the major direction of the company”.
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