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Foxconn announces leadership overhaul as chairman seeks Taiwan presidency

Foxconn Technology Group founder and chairman, Terry Gou, speaks during a news conference after his trip to the U.S., in Taipei, Taiwan May 6, 2019. REUTERS/Tyrone Siu

TAIPEI (Reuters) – Apple supplier Foxconn on Tuesday announced a plan to overhaul its leadership structure in a move to allow more senior executives involved in the running of its daily operations.

At its first investors conference in Taipei, Foxconn revealed a new “operations committee” that will give senior executives from the group’s subsidiaries greater control.

Reuters reported last Thursday that the company was planning a management overhaul, as Chairman Terry Gou is seeking to run in Taiwan’s 2020 presidential election.

Reporting By Yimou Lee; Editing by Anne Marie Roantree and Himani Sarkar

via Reuters