Huawei CFO Meng Wanzhou named chairwoman in rotating role















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Huawei CFO Meng Wanzhou named chairwoman in rotating role

Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada, September 24, 2021, file photo.  Meng was named the company's new president.  Reuters-Yonhap
Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada, September 24, 2021, file photo. Meng was named the company’s new president. Reuters-Yonhap


Telecoms giant Huawei Technologies has handed its chief financial officer Meng Wanzhou, who returned to China in 2021 after nearly three years of detention in Canada, the new rotating position of chairwoman, according to the company’s website.

Meng, the daughter of Huawei founder Ren Zhengfei, will act as a company executive and lead Huawei’s board of directors for six months when it is her turn. The announcement did not specify when his term would begin.

The rotating presidents are Eric Xu and Ken Hu. Meng is also vice president and will remain chief financial officer, according to the company’s website.

“The company is optimizing and refining its internal governance structure to ensure the business is built to last,” a Huawei spokesperson said. “The supervisory board is responsible for the survival, development and long-term prospects of the company.”

Meng, whose English name is Sabrina, has played a pivotal role in the company’s fight with the United States, after she was detained in Canada in 2018 over alleged attempts by Huawei-linked companies to sell equipment to Iran in violation of US sanctions.

The United States then imposed a series of trade restrictions on the company throughout 2019 and 2020, citing national security concerns. This hampered Huawei’s ability to design its own chips and source components from outside suppliers, crippling its smartphone business.

Meng was allowed to return to China in September after an agreement with US prosecutors to end a bank fraud case. (Reuters)



































































































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