June 11, 2019 / 6:21 AM / a month ago

Foxconn announces leadership overhaul as chairman seeks Taiwan presidency

TAIPEI, June 11 (Reuters) - Apple supplier Foxconn on Tuesday announced a plan to overhaul its leadership structure in a move to allow more senior executives involved in the running of its daily operations.

At its first investors conference in Taipei, Foxconn revealed a new “operations committee” that will give senior executives from the group’s subsidiaries greater control.

Reuters reported last Thursday that the company was planning a management overhaul, as Chairman Terry Gou is seeking to run in Taiwan’s 2020 presidential election. (Reporting By Yimou Lee; Editing by Anne Marie Roantree and Himani Sarkar)

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