Presidential Hopeful Gou Ceding Control Of Foxconn
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2019-06-21 HKT 09:50
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Foxconn chief Terry Gou announced plans to cede control of his Apple-supplier tech behemoth to a nine-member team on Friday, weeks after he announced a bid to become Taiwan's next president.
"I have decided to fade out of Hon Hai and it's been decided that the company's operations will be handed over to the nine-member team in the operations committee," Gou said at the start of a shareholder meeting, using Foxconn's official name.
"I have a lot of confidence in them. I think every shareholder can rest assured that they can do better than me," he added.
Gou is one of five hopefuls running in the Kuomintang (KMT) presidential primary. The opposition KMT plans to name its candidate over the next month. (AFP)
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