TAIPEI: Terry Gou, chairman of Apple supplier Foxconn, will retain a seat on the company's proposed board, a company filing showed on Friday, as he plans to run in Taiwan's 2020 presidential election.
Earlier on Friday, a source told Reuters that Gou will retain a seat on the company's new board, weeks after his decision to contest the presidential election in January, seeking to represent the China-friendly opposition Kuomintang party. The vote follows a period of increasing tension between Beijing and Taipei.Gou's election bid came after he told Reuters in April that he planned to step down from Foxconn to pave the way for younger talent to move up the company's ranks.
Analysts said Gou's election bid might be weighed down by his ties to a Chinese leadership that refuses to renounce the use of force to unify with self-ruled Taiwan it considers a wayward province.Earlier in the day, the company reported that its April sales were up 10.4per cent from a year earlier, the strongest increase since October last year.
Shares of Foxconn fell 0.7per cent on Friday, lagging the benchmark share price index's 0.2per cent decline. They are up about 18per cent this year after falling 30 percent last year.
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