Foxconn chairman says aims to step down to pave way for younger talent

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TAIPEI (Reuters) – The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to move up the ranks of the world’s largest contract manufacturer.

FILE PHOTO: Terry Gou, founder and chairman of Foxconn, attends a forum on industrial internet at the fifth World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, November 8, 2018. REUTERS/Jason Lee

Terry Gou, speaking on the sidelines of an event in Taipei, said that while he planned to resign as chairman, he hoped to remain involved in strategic decisions regarding the company’s business.

When asked by Reuters if he would quit as chairman, Gou said he was moving in that direction, although any decision needed to be discussed with the company’s board.

“I dont know where you got the information from. But I have to say, basically, I’m working toward that direction – to walk back to the second line, or retire … I have been busy for 45 years. I should hand it over to young people,” Gou said.

“I will be involved in the major direction of the company, but not involved in