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Hon Hai executive to take over as Sharp CEO
2016-05-13 10:54:00| Telecompaper Headlines
(Telecompaper) Tai Jeng Wu, an executive VP at Hon Hai Precision Industry, will take over as president of Sharp following the completion of Hon Hai's takeover of a majority stake in the company. Sharp announced the change in management alongside its annual results; the reshuffle must still be approved by shareholders in June. Tai will replace Kozo Takahashi as head of the Japanese company. Takahashi told the FInancvial Times that Tai was "very powerful and is the number two ranked at Hon Hai". In addition, he speaks Japanese, "so he was chosen from a comprehensive viewpoint", the CEO said. Most of the rest of Sharp's board will also step down after the transaction is completed.
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Category:Telecommunications