Apple Inc (NASDAQ:AAPL) supplier Foxconn, based in Taiwan, has introduced a rotating CEO system this month as part of a comprehensive management restructuring plan to prepare for future leadership.
This significant change reveals Foxconn’s intention to separate the CEO and chairperson roles, enhance corporate governance, and cultivate emerging talents.
Chairman Young Liu, addressing the media in Taipei, underscored the necessity of “succession planning” for Foxconn’s sustained growth and mentioned that the rotating system is designed to foster the development of future leaders, Reuters reports.
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