(Reuters) - Taiwan's Foxconn, an assembler of Apple Inc's iPhones, said Terry Gou will remain chairman of the world's largest contract manufacturer, although he plans to withdraw from daily operations.
Foxconn's statement came after Reuters reported that Gou said he planned to step down in the coming months to pave the way for younger talent to move up the company's ranks.
"His wish is to withdraw from daily operations after having developed and mentored a new generation of talent to carry on Foxconn's mission. As chairman, Mr Gou will continue to provide strategic direction and guidance," Foxconn said.
(Reporting by Yimou Lee; Writing by Anne Marie Roantree; Editing by Christopher Cushing)
This story has not been edited by Firstpost staff and is generated by auto-feed.
The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
Updated Date: Apr 16, 2019 07:05:17 IST