Foxconn chairman Terry Gou aims to step down to pave way for younger talent

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.

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.

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