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Foxconn's point man picks team to lead Sharp turnaround

Tai Jeng-wu, left, a close confidant of Hon Hai Chairman Terry Gou, right, has been named Sharp's next president.

TOKYO/TAIPEI -- Tai Jeng-wu, executive vice chairman of Taiwan's Hon Hai Precision Industry, better known as Foxconn Technology Group, has been named Sharp's next president. Faced with the immense task of rehabilitating the struggling Japanese consumer electronics maker, he has hand-picked new directors, mainly Japanese he has built connections with over the years.

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