TAIPEI -- With Foxconn Chairman and CEO Terry Gou now a candidate in the Taiwanese presidential election next January, top aide and Chief Financial Officer Huang Chiu-lien is considered a front-runner to take the reins at the key Apple supplier.
The company is already narrowing down candidates on the shortlist following Gou's announcement in mid-April. "It is true that Huang is considered a strong candidate," said a source at the company, formally Hon Hai Precision Industry.
Nicknamed "Money Mama," Huang manages the group's complex capital structure as well as Gou's personal assets. "She knows about every flow of cash," a company source said, even with Foxconn's sales revenue now exceeding 5.29 trillion New Taiwan dollars ($171 billion) for 2018 and the group spanning 800-plus companies.
Since joining Foxconn's predecessor in 1974 at the age of 19, Huang has stood by Gou as the business grew from a struggling factory to a global player.
She is usually positioned near Gou at shareholders meetings and other events, and flies with him on his private jet. Some believe that Gou could continue wielding influence even after leaving Foxconn by placing his close aide at the helm.
Huang is the aunt of Gou's late wife, local media report.
An announcement of board nominations is expected Friday ahead of the June 21 shareholders meeting. Foxconn said it could not comment on whether Huang, currently not on the board, could become a director. Should Huang be voted onto the board and appointed chairwoman, she will likely play a key role in advancing Gou's agenda in management decisions.