Foxconn chairman Terry Gou says he’ll step down after 45 years

Foxconn founder and chairman Terry Gou will step down in the coming months, 45 years after founding the company that made him Taiwan’s richest man. Speaking to Reuters, Gou says he plans to step away from daily operations at the company, but he will still be involved in its major decisions.

Gou, who owns 9.4 percent of Foxconn, said that he will step down in the coming months pending discussions with the company’s board. He added that an announcement will be made to shareholders at the company’s AGM in June. He did not provide any firm details on who will succeed him. Reuters reports that the current head of Foxconn Interconnect Technology Ltd, Lu Sung-Ching, is among the potential candidates.

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