Exclusive: Foxconn considers rotating CEOs in management reshuffle [Reuters]
HON HAI PRECSON S/GDR NEW (HNHPF)
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Source: Reuters
TAIPEI, April 11 (Reuters) - Apple supplier Foxconn is considering introducing a rotating chief executive system in a major overhaul of its management structure designed to nurture future talent, three sources briefed on the matter told Reuters. For companies around the world, the rotating chief executive structure is uncommon, but analysts say it can promote teamwork and prevent leadership from becoming entrenched, as well as developing a next generation of talent. One of the sources said the plan was a response to repeated calls by investors to boost corporate governance by separating the role of chief executive from the chairperson. Young Liu has held both roles since 2019 in the 50-year-old Taiwanese company that is the world's largest contract electronics manufacturer and a major iPhone assembler. Senior Foxconn managers (2317.TW) New Tab , opens new tab , whose clients also include Amazon (AMZN.O) New Tab , opens new tab , have discussed the rotating CEO plan for se
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- Apple supplier Foxconn introduces rotating CEO role [Yahoo! Finance]Yahoo! Finance
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