Guo Taiming, Chairman of Foxconn
Tencent Technologies News, June 11, according to foreign media reports, the regulatory documents submitted by Foxconn, an Apple factories agent, indicate that the company will set up an operation committee, which will include its financial director and head of the world's largest iPhone production base, and confirm the potential successor of Terry Gou, the billionaire founder.
The document shows that Foxconn will set up an organization of nine executives who will make the highest decisions on behalf of Foxconn after the board. Members of the Operations Committee include Huang Qiulian, Foxconn's chief financial officer, and Lin Zhenghui, head of Zhengzhou's iPhone manufacturing plant.
According to people familiar with the matter, the Operations Committee will decide on major business matters of Foxconn, but because these appointments have not yet been made public, the source asked for anonymity.
It is reported that Huang Qiulian and Lin Zhenghui will take the place of Guo Taiming as the world's largest manufacturer of OEMs. Guo Taiming himself is running for nomination for leadership in Taiwan in 2020. Mr. Gou is expected to withdraw from Foxconn's day-to-day operations and focus on his political efforts.
Other members of the Operations Committee include Chiang Chih-siung, who manages some of Foxconn's non-Apple iPhone businesses, and Young Liu, who heads the semiconductor division.
Guo had previously said that he planned to resign as chairman after shareholders elected a new board in June. The escalating trade disputes are damaging consumer confidence and raising concerns about the impact of Foxconn's factories.
Foxconn's business is mainly located in China and the United States. Most of the equipment it manufactures is made in China, and many of them subsequently enter the hands of American consumers.
In the regulatory filing, Foxconn said it would localize some of its manufacturing operations in 16 countries ranging from Japan and Mexico to the United States and India. But it did not elaborate on the specific plan.
This huge project was once praised by Trump