Apple supplier Foxconn introduces rotating CEO role [Yahoo! Finance]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Yahoo! Finance
successors of the world's largest contract electronics maker, chairman Young Liu said on Wednesday. Reuters exclusively reported last week that major Apple supplier Foxconn was considering introducing a rotating chief executive system in a move to boost corporate governance by separating the role of chief executive from the chairperson as well as to develop future talents. Responding to reporters' questions in Taipei, Liu said in order to have sustainable development Foxconn must have "succession planning" in place and that the rotating system could help develop future talents. Liu said Foxconn has chosen an executive to fill that role from among leaders of its six core businesses, which include smartphones, personal computers and televisions. He did not say who has taken on the new role. "Through the rotation they can further understand operations of the company," Liu said. Liu, who has held both roles of chairman and chief executive since 2019, said the rotating CEOs will
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