Foxconn, one of Apple ‘s outsourcing partners, has just announced that it will change its leadership mechanism with more senior staff to join the executive. This change came from Terry Gou’s president preparing to attend the Taiwan presidential election in 2020.
Now all of Foxconn’s power is in the hands of President Terry Gou, but in the prospect of the upcoming presidential election, this 68-year-old man will not have much time for his corporation. Therefore, Foxconn will set up a new executive board and empower nine senior employees of subsidiary groups, which will help run the company’s daily activities. In this list, there was a noticeable absence of chairman Terry Gou and Sharp’s president (currently Foxconn’s subsidiary) Tai Jeng-wu. Foxconn has yet to give any explanation for the absence of these two powerful figures.
Previously, Terry Gou also announced that he was planning to leave the chair of Foxconn to create conditions for young talents to advance. Meanwhile, it was reported that Tai Jeng-wu had withdrawn from Foxconn executives to avoid a conflict of interest between Sharp and its parent group.
In the latest shareholder meeting, Foxconn said the group had plans to deal with the increasingly tense Central-American trade war. Accordingly, Foxconn’s ability to produce outside China can fully meet the demand from the US market, as it now has factories in 16 countries.
Despite changing leadership, Foxconn said the group will continue to pursue a $ 10 billion investment plan to bring 13,000 jobs to the US state of Wisconsin. This is one of the important cards for Foxconn to win the US President Donald Trump, which supports firms bringing factories in the US and creating jobs for indigenous citizens.