Apple (AAPL) supplier Foxconn (HNHPF) is weighing introducing a rotating CEO system in a major revamp of its leadership structure in an attempt to consistently nurture future talent, Reuters’ Yimou Lee reports, citing three sources briefed on the matter. For companies across the globe, the rotating CEO structure is uncommon, though analysts claim it can promote teamwork and prevent management from becoming entrenched, the author notes.
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