The daughter of the Huawei founder will become the companys

The daughter of the Huawei founder will become the company’s CEO in April

In early April last year, it became known that the leadership of the Chinese company Huawei Technologies was preparing the founder’s daughter, Meng Wanzhou, to be able to return to the company’s duties after returning from a three-year sentence in Canada, where she was CFO for the post of shift chairman of the board of directors. Now it turns out that she will start a new job on April 1 of this year.

    Image source: Huawei Technologies

Image source: Huawei Technologies

This was reported on Wednesday Security news from Shanghaias explained Reuters. Huawei Technologies’ organizational structure stipulates that the CEO rotates every six months, with the daughter of the Chinese tech empire’s founder Ren Zhengfei to fill the position for such a period. In the hierarchy of Huawei Technologies, this is the highest leadership position, but its founder’s relative will not hold it longer than all other predecessors.

In 2018, Meng Wanzhou was arrested in Canada at the request of US law enforcement agencies. As CFO of Huawei Technologies, she was accused of circumventing US sanctions to ban certain devices from being shipped to Iran. The daughter of the company’s founder spent the next three years under house arrest in Canada and was only released home in September 2021 after a settlement was reached on the investigation.

Meanwhile, President Donald Trump (Donald Trump) increased the pressure on Huawei Technologies, which at that time managed to become the largest supplier of smartphones in the world. As a result of restrictive measures, Huawei lost access to the TSMC pipeline and lost one of its main advantages – advanced mobile processors of its own design. Most of the smartphone business was transferred to a consortium of investors who could continue issuing it under the Honor brand, and Huawei itself ranked tenth in the ranking of the world’s largest smartphone vendors last year with a share of no more than 2%

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Johnson Smith

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