Chinese tech giant Huawei Technologies has promoted chief financial officer Meng Wanzhou to a key role just half a year after the end of her U.S. extradition fight
Huawei executive Meng Wanzhou in the southern Chinese city of Shenzhen on March 28.
Ren had long said his children would not succeed him at Huawei. Meng, who spent most of her Huawei career in the finance department, was widely seen as lacking the engineering expertise that would allow Huawei’s employees to accept her as their leader. But her lengthy house arrest in Canada has raised her popularity within the company and across China.Meng entered the international spotlight in December 2018, when she was detained in Canada at the request of U.S. authorities.
Huawei, which reported $100 billion in revenue last year, is the world’s largest telecommunications equipment supplier by sales. The company’s global advance has raised concerns for Washington because of its close ties with Beijing and the telecom sector’s importance to national security investigations and government surveillance.Meng will keep her place as chief financial officer.
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