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Ms. Meng Wanzhou is Huawei’s rotating chairman

After six months of returning to China, Huawei “princess” was appointed as the rotating Chairman, holding the highest leadership role of the company.

According to Reutersthe Web of Huawei did not specify when Meng’s term would begin. The current rotating chairman is Eric Xu, and before that is Ken Hu. In addition, she also continues to hold the position of Chief Financial Officer.

Meng Wanzhou at Huawei's event in Shenzhen on March 28.  Photo: AFP

Meng Wanzhou at Huawei’s event in Shenzhen on March 28. Photo: AFP

A Huawei spokesperson said: “The company is optimizing and improving its internal governance structure to ensure Huawei is built to last. The supervisory board is responsible for its survival and development. and the company’s long-term prospects”.

Manh Van Chu is the eldest daughter of Huawei founder Nham Chinh Phi. At the end of 2018, she was arrested in Vancouver at the request of the US and kept under house arrest until September last year. She was released after reaching an agreement with the US Department of Justice to delay prosecution.

On March 28, Huawei “princess” first appeared in public during the company’s 2021 financial results announcement. Ms. Chu said that after nearly three years under house arrest, the world seems to have changed a lot. “For the past six months, I’ve been trying to learn everything to keep up with life,” she said.

In 2021 Huawei’s revenue fell 29% to 636.8 billion yuan ($99.8 billion), but profit increased 76% to 113.7 billion yuan ($17.8 billion). In which, the smartphone segment halved its revenue to 243.4 billion yuan ($38.1 billion) due to the impact of the US ban.

According to Ms. Manh, the US’s imposition of many rounds of sanctions has significantly affected the company’s business, especially smartphones and computers. Besides, problems related to Covid-19 also disrupted production and business activities of the company.

However, she said the company has made many changes, including shifting to other core activities such as 5G, renewable energy and other mobile product categories. She also reiterated her commitment to research and development, despite existing challenges, and believes it is the key to “ensure lasting innovation”.

Khuong Nha (according to Reuters)

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