Guo Taiming may leave the job as early as this Friday. After he leaves, Foxconn will welcome a new chairman, and the CEO will be replaced by a committee of nine.
In the past 45 years, Guo Taiming has been Foxconn's sole decision maker and spokesperson. Therefore, although this major shift in leadership has brought about sudden and long-lasting transparency, it has also allowed him to create a large company (covering more than 10 countries, up to 1 million employees, and one copy). The list of star clients is in the hands of a committee, which leads to a lack of core leaders in the new management.
Whether or not there is Guo Taiming, Foxconn and its future are worthy of doubt and worry, but the birth of the company's new management has alleviated some concerns.
In investor events and subsequent conference calls, these executives (many of whom seldom made public statements) succinctly answered questions about Foxconn’s challenges.iPhoneThe possibility of production moving out of China and the need for the company to transform. This is a refreshing change compared to the vague and disorganized answer that Guo Taiming usually gives to the media.
The debate surrounding Foxconn's next chairmanship has been going on for more than a decade and continues. Foxconn’s chief financial officer, Huang Qiulian, is one of those who are expected to take power. The heads of various departments are also being considered.