Foxconn Confirms Rotating CEO System

Following rumors indicating that Foxconn is considering adopting a rotational CEO system, Young Liu, chairman of Foxconn, when attending the Autotromics Taipei on April 17, disclosed that an internal plan for the system has been initiated since April without elaborating on the details regarding rotation timing and candidates.

Liu revealed that the rotational CEO system started as an internal staff training initiative before it became public. He noted that the group already uses similar practices in various roles. They are now expanding this rotation system to include CEOs.

Liu explained that the rotational system allows CEOs to understand various business groups better. A CEO’s role differs from that of a business group leader, with CEOs having broader responsibilities and considerations. By rotating CEOs, they can get to know the operations of different business groups across the conglomerate.