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Sharp chief Tai to stay on 2 more years

Cost-cutter from Foxconn seeks a successor while making must-hit sales target

Sharp President Tai Jeng-wu, right, was picked by Foxconn chief Terry Gou to lead the electronics maker to a recovery. (Photo by Jun Iiyama)

OSAKA -- Sharp President Tai Jeng-wu will remain at the helm until 2020, aiming to guide the electronics company to ambitious earnings goals despite challenges ahead.

Citing a "strong sense of duty," Tai told workers in a message on Friday that he would stay through the year ending March 2020 and work on grooming a successor to take over after the current medium-term plan ends.

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