Taiwan News  
Date: 2019/05/06
By:  Central News Agency

Hon Hai Precision Industry Co. Chairman Terry Gou (郭台銘), who is making a bid for president of Taiwan, will step back from the daily operations of the company, eventually allowing CFO Huang Chiu-lien (黃秋蓮) to take over as chairperson, a source in the company told CNA Monday.

During a visit to the United States last week, a few days after throwing his hat into the ring, Gou said he planned to resign as chairman of Hon Hai, which is also known as Foxconn Technology Group.

Gou, 68, will soon be handing over the reins of the company’s day-to-day operations to other executives so that he can focus on his presidential bid, according to a Hon Hai source, who asked not to be named because they were not authorized to speak publicly on the subject.

While he will step down as Hon Hai chairman, a position he has held for 45 years, Gou will assume the post of company president so he can supervise its transformation efforts and integration of its global resources, according to the source.    [FULL  STORY]