Won't continue as chairman of new board, says Foxconn founder Terry Gou

Gou said neither FIT's Lu nor Sharp's Tai will become the next Hon Hai chairman

Foxconn Technology Group Chairman Terry Gou said he won’t continue to lead the company’s board once a new lineup is elected at an annual shareholders’ meeting next month.

“I am sure, 100%,” Gou said Saturday, referring to his determination to leave the role at Hon Hai Precision Industry Co., as the company is also known. “I am no longer managing Hon Hai’s affairs.”

Foxconn is China’s largest private employer and a key iPhone assembler. Gou, a billionaire, declared his political ambitions in April to run in Taiwan’s presidential elections, and is regarded as friendly to Beijing.

Among those nominated to be board members