Industrial Franchise officially implements the rotating CEO system – Passionategeekz

Passionategeekz On June 19, Foxconn Industrial Internet Co., Ltd. (Fujian Industrial Network) held its 2024 annual shareholders’ meeting today. Chairman Zheng Hongmeng announced that in order to further build a modern corporate governance system and improve corporate governance capabilities,Industrial Franchise officially implements the rotating CEO system。

Chief Data Officer of F&F IndustryLiu ZongchangHe was appointed as the first rotating CEO with a term of one year.

Zheng Hongmeng said that by introducing the rotating CEO system, it will help further improve the decision-making mechanism, enhance the scientificity and forward-looking nature of decision-making, promote the coordination and integration between different business segments within the company, promote the transformation and upgrading of corporate governance from the traditional model to modernization, efficiency and diversification, and provide solid institutional guarantees for the company’s sustainable development. The rotating CEO system is also a key measure to explore and cultivate talents and help the company’s long-term development. It will provide a higher-level platform for young and promising managers, giving them the opportunity to accumulate experience, improve their abilities in practice, tap their own leadership potential, and lay a solid talent foundation for the long-term development of the company.

Zheng Hongmeng introduced that Liu Zongchang joined the Industrial FUCCI in 2019 and has served as the company’s chief data officer, general manager of the technology service business group, secretary of the board of directors, etc. He has made outstanding contributions to promoting the company’s digital transformation, innovative business development, corporate governance and compliance operations. He is an outstanding representative of the company’s younger generation of management. I believe that in his new position, he will definitely lead the company to achieve greater results.

Liu Zongchang said that the core value of the rotating CEO system lies in stimulating organizational vitality, gathering diverse wisdom, and tempering the core team. Help companies to meet challenges more flexibly, capture opportunities more keenly, and make strategic decisions more scientific. This system also means the transfer of responsibilities, the accumulation of experience and the collaboration of the team. As the first rotating CEO, Liu Zongchang said that he will devote himself to this new position with a high sense of responsibility and mission, contribute to the implementation of this system, work hand in hand with you, and make greater contributions to the company’s development.

Passionategeekz learned from the announcement of FULL Industry that at the meeting, FULL Industry shareholders approved the company’s 2024 business report, financial statements and annual report, and also passed the 2024 board of directors and supervisory board reports.

In addition, shareholders approved a proposal for changes to some fundraising projects, but the statement did not disclose specific details of the changes.

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