Sharp CEO Tai says to step down once stock returns to TSE first section

[TOKYO] Sharp Corp CEO and President Tai Jeng-wu told reporters on Monday he would step down once the Japanese electronics maker turns profitable again at the net level and its shares return to the first section of the Tokyo Stock Exchange.

Mr Tai, vice-chairman of Foxconn, became president of Sharp in August after the Taiwan company, formally known as Hon Hai Precision Industry, took control of the Japanese firm.

REUTERS