Foxconn Confirms Moving to Rotating CEO

Foxconn confirmed a shift to a rotating CEO system, with the heads of the company’s six business groups each having a stint in the top position. The change applies only to the parent company, not its subsidiaries.

DigiTimes reported comments from the company’s chair Young Liu revealing the change, without disclosing which group head was first to take over or for how long. A six-month term is being considered. Liu noted Foxconn has rotated executives in other roles and has now implemented the system for the top position, adding the move helps future leaders prepare for the role by giving them a full view of the company’s operations.

The Apple supplier’s business group comprises smartphones, notebook computers, precision components, PCs and displays, TVs and game consoles, and chips. Last week Reuters reported the company was considering changing its top management structure by introducing a rotating CEO system.