Terry Gou to Step Back From Foxconn's Day-to-Day Operations, Reveals iPhone Will Start Mass Production in India This Year

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Foxconn CEO and Chairman Terry Gou is planning to take a step back from the company's day-to-day operations, reports the South China Morning Post.

Gou aims to focus on the company's strategic direction and make room for younger management to run the world’s largest electronics contract manufacturer.

“I’m already 69 years old. I hope to pass down my 45 years of experience to young people,” said Gou at an event in Taipei on Monday. “That’s the goal I set up – let young people learn sooner and take over my position sooner. Then I have more time to make long-term planning for the company.”

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