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FOXCONN (TPE:2354) ANNOUNCES A NEW “OPERATIONS COMMITTEE”

  • Foxconn provides nine senior executives with greater control
  • Chairman Gou intends to run in Taiwan’s 2020 presidential election

Foxconn Technology Group (TPE:2354), the largest contract manufacturer in the world, announced a major leadership overhaul today, which will give nine senior executives greater control in the running of its daily operations.

The new leadership structure marks a great difference from Foxconn’s previous model, in which Chairman Terry Gou assumed full control over the firm’s daily operations and strategic decisions. Gou has announced he intends to run in Taiwan’s 2020 presidential election.