Foxconn plans management overhaul as Gou sets sights on presidency: Report

Apple supplier Foxconn is planning to overhaul its management structure to get more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told Reuters.

The move to appoint a new “operations committee” comes as Chairman and Founder Terry Gou is seeking to run in Taiwan’s 2020 presidential election. He also told Reuters in April that he planned to step down from Foxconn to pave the way for younger talent to move up the ranks.

The overhaul will mark a major shift in Foxconn’s corporate leadership that has seen 68-year-old Gou hold a tight grip on the firm’s daily operations and strategic decisions.