Company vet Calvin Chih will step in as an interim chief executive until the board approves him as a permanent replacement for Chang. Now, Chih will take over Foxconn International, the part of the firm struggling with lower orders from Nokia and RIM, while overall Foxconn gets more orders from Apple.
Does this mean a lot for you as an end-customers? The answer is likely not - Foxconn is a well-oiled machine depending on thousands of Chinese workers making gadgets and it’s famous for its ability to boost capacity by the thousands almost overnight.
We also wish former exec Chang a safe recovery - he was at the head of the plant for less than 7 months, getting a comparatively very modest salary of just short of $120,000.
source: Cellular-news, Bloomberg
posted on Jul 05, 2012, 5:40 AM 7
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