Foxconn to overhaul management to put more execs in charge -source

Foxconn Interconnect Technology

06/06/2019 06:52

TAIPEI, June 6 (Reuters) - Apple supplier Foxconn  2317.TW 
is planning to overhaul its management structure in a move that
would see more senior executives involved in the running of its
daily operations, a person with direct knowledge of the matter
told Reuters. 
    Foxconn is set to reveal on Tuesday a new "operations
committee" that will give senior executives from the group's
subsidiaries greater control, according to the source, who
declined to be named as the news is not yet public. 
    The decision comes as Chairman and Founder Terry Gou is
seeking to run in Taiwan's 2020 presidential election and after
he told Reuters in April that he planned to step down from
Foxconn to pave the way for younger talent to move up the ranks.
 urn:newsml:reuters.com:*:nL3N21X1VE urn:newsml:reuters.com:*:nL3N21Z151

 (Reporting By Yimou Lee and Jeanny Kao; Editing by Anne Marie
Roantree and Himani Sarkar)
 ((annemarie.roantree@thomsonreuters.com; +852 97387151; Reuters
Messaging: annemarie.roantree.thomsonreuters.com@reuters.net))