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Foxconn Denies Report That Its Chairman Is Stepping Down

By Tang Ziyi / Apr 15, 2019 04:24 PM / Business & Tech

Photo: IC

Photo: IC

Apple supplier Foxconn denied a report that its chairman is stepping down in the coming months, the company told Caixin.

Earlier in the day Monday, Reuters spoke directly with Chairman Terry Gou on the sidelines of an event in Taipei, and reported that “he plans to step down in the coming months as he wants to pave the way for younger talent.”

The company flatly denied Reuters’ report to Caixin, saying Gou will not consider retiring over the next five years, though he will continue to groom talent for his eventual replacement.

It was unclear from the differing accounts whether the discrepancy was simply concerning the timeline of Gou’s eventual retirement, or the nature of his future involvement.

Related: Foxconn Unit Gears Up for 5G Mass Production

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