Taipei Times
Date: Oct 29, 2018
By: Chen Cheng-hui  /  Staff reporter

Friday’s announcement that Foxconn Industrial Internet Co Ltd (FII, 富士康工業互連網) chairman Timothy Chen (陳永正) had resigned took many by surprise.

FII, an 85 percent-held subsidiary of Hon Hai Precision Industry Co (鴻海精密) that manufactures casing, network equipment and servers, named vice president and general counsel Li Junqi (李軍旗) to replace Chen, according to Hon Hai’s filing with the Taiwan Stock Exchange.

Li would serve as chairman until July 9, 2020, Hon Hai said in the filing.

FII did not explain the reasons for Chen’s departure, which came just four months after he helped launch its initial public offering on the Shanghai Stock Exchange.
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