Business Standard

Sunday, December 22, 2024 | 07:19 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Won't continue as chairman of new board, says Foxconn founder Terry Gou

Gou said neither FIT's Lu nor Sharp's Tai will become the next Hon Hai chairman

Terry Gou
Premium

Terry Gou, founder and chairman of Foxconn. Photo: Reuters

Debby Wu | Bloomberg
Foxconn Technology Group Chairman Terry Gou said he won’t continue to lead the company’s board once a new lineup is elected at an annual shareholders’ meeting next month.

“I am sure, 100%,” Gou said Saturday, referring to his determination to leave the role at Hon Hai Precision Industry Co., as the company is also known. “I am no longer managing Hon Hai’s affairs.”

Foxconn is China’s largest private employer and a key iPhone assembler. Gou, a billionaire, declared his political ambitions in April to run in Taiwan’s presidential elections, and is regarded as friendly to Beijing.

Among those nominated to be board members

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in