Foxconn head says he's stepping back from daily operations

Associated Press |

TAIPEI, Taiwan (AP) — The head of Foxconn Technology Group says he is planning to step away from day-to-day operations at the world's largest electronics provider.

Terry Gou told reporters Monday at an event in Taipei that he wants to work on a book about his management philosophy honed over 45 years and prepare a younger generation to eventually take over operations at the company. Foxconn counts Apple, Google and Amazon as customers and has said it will build a manufacturing facility in the U.S. state of Wisconsin.

The 69-year-old Gou said he would continue to guide the "major direction" of Foxconn, but would "gradually step back from the front-line operations."

He said he felt "I should tone down my personal influence" in company matters and leave more time for long-term planning.

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