TAIPEI : 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.
FILE PHOTO: Foxconn's chairman Liu Young-way makes a speech at a year-end company party in Taipei, Taiwan February 4, 2024. REUTERS/Ann Wang/File Photo
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. One of the sources said the rotating CEOs would be expected to oversee Foxconn's six core businesses, which include smartphones, personal computers and televisions but exclude the operations of major listed subsidiaries such as Foxconn Interconnect Technology, FIH Mobile and Foxconn Industrial Internet.
Chinese technology giant Huawei introduced a rotating CEO system in 2011, whereby three top executives take turns as acting-CEO for six-month stints.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore ranks amongst top 5 buyers at Taipei Cycle 2024pstrongThe show reported over 27,000 international and domestic visitors./strong/p pspanspanspanspanspanspanSingapore clinched the top five buyer country spot at the Taipei Cycle with its 189 trader attendees.
Read more »
2 men die of suspected food poisoning in Taipei after eating char kway teowAll outlets of the Malaysian vegetarian restaurant chain have been ordered to close.
Read more »
Lethal toxin suspected to be behind 2 deaths at Taipei eatery found in stool of chefThe same toxin was found in most of the sick diners.
Read more »
Two Men Die of Suspected Food Poisoning at Malaysian Restaurant in TaipeiTwo men have died and several others have fallen ill after dining at a Malaysian restaurant in Taipei. The cause of the illness is suspected to be food poisoning, with the toxin bongkrekic acid being detected in samples taken from the restaurant's chef.
Read more »
Hon Hai aka Foxconn big jump in shares after bullish AI sales outlookThe top assembler of Apple's iPhones initially missed out on the AI boom, but investors and analysts predict it will capture a larger market share
Read more »