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Vice Chairman of Foxconn’s Listed Arm Resigns, CTO Takes Place

By Zhao Runhua / Sep 04, 2019 04:21 PM / Business & Tech

Photo: VCG

Photo: VCG

Foxconn announced another major personnel shift Tuesday, after former chairman Terry Gou decided to step down to run in the 2020 election for Taiwan’s top leadership office.

Chieh Lee, also known as Jay Lee, a vice chairman at Foxconn’s Shanghai-listed arm Foxconn Industrial Internet (FII), has resigned due to “work arrangement changes.” Chou Tai-yu, FII’s chief technology officer and head of the corporate cloud solution unit, was selected as Lee’s replacement, according to a Tuesday filing.

In July, Lee was promoted to serve as deputy of Liu Young-way, the new head at Hon Hai Precision Industry, which does business under the name Foxconn.

FII’s shares on the Shanghai Stock Exchange rose 0.8% as of Wednesday.

Related: Foxconn Chooses Head of Chip Unit to Replace Terry Gou as Chairman

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