Taiwan Foxconn chief Terry Gou takes retirement off table for next five years

Taiwan News  
Date: 2018/06/22
By:  Central News Agency

Terry Gou, founder and chairman of Hon Hai Precision Industry Co., the world’s

Foxconn founder Terry Gou addressing shareholders Friday. (By Central News Agency)

largest multinational contract manufacturer of electronics, vowed Friday not to retire over the next five years and set himself the goal of raising the company’s share price to NT$200 (US$6.6).

“I’m not going to talk about the handover issue now as I will not consider retiring for five years as the company undergoes transformation,” he said at a shareholders’ meeting.

Gou stressed that he is in very good health and promised to do everything in his power to increase the price of Hon Hai shares to NT$200. He apologized for the current evaluation of the shares but reiterated that “he will not consider retiring before the share price reaches NT$200.”

Shares in Hon Hai slid 0.48 percent to finish at NT$82.3 on the Taiwan Stock Exchange Friday — a long way from their historical high of NT$300 on June 21, 2007.

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