BEAMSTART Logo

Foxconn, Apple's Key Supplier, Beds in a New CEO Rotation Strategy for Long-Term Succession Planning

Benzinga LogoBenzinga3w ago

Foxconn, Apple's Key Supplier, Beds in a New CEO Rotation Strategy for Long-Term Succession Planning - Benzinga

Quick Summary:

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.Also ...

More Pictures

Foxconn, Apple's Key Supplier, Beds in a New CEO Rotation Strategy for Long-Term Succession Planning - Benzinga (Picture 1)

or

Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-17 @ 14:45:45 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 283 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 20714204

View Article Analysis

About Benzinga

Benzinga Logo

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 50 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Foxconn, Apple's Key Supplier, Beds in a New CEO Rotation Strategy for Long-Term Succession Planning" has 283 words across 13 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "Foxconn, Apple's Key Supplier, Beds in a New CEO Rotation Strategy for Long-Term Succession Planning" was covered 3 weeks ago by Benzinga, a news publisher based in United States.

How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news.

The outlet is headquartered in United States and publishes an average of 50 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #20714204
  • URL: https://beamstart.com/news/apple-supplier-foxconn-launches-rotating-171336524

More News from Benzinga

Latest Jobs

More Technology News

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

Our Company

© Copyright 2024 BEAMSTART. All Rights Reserved.