Shanghai Huawei Technology gets a major shakeup – Ren Zhengfei steps down as director

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Shanghai Huawei Technology Co., Ltd. had a major industrial and commercial shuffle. Huawei CEO, Ren Zhengfei, withdrew from the company’s directors. Former Huawei President, Sun Yafang, also resigned as the company’s legal representative and chairman. In addition, all four key personnel, including Huawei’s rotating chairman Xu Zhijun also stepped down. There is no reason for this shuffling. We do not know if the recent frequent shuffling has anything to do with its tussle with the US. However, this is not the first time that Huawei is making such major changes in its subsidiaries.

Ren Zhengfei
Huawei CEO, Ren Zhengfei

Not only Shanghai Huawei Technology, other Huawei subsidiaries made high-ranking changes

According to reports, since the end of 2019, the executives of many Huawei subsidiaries have changed. On November 22, 2019, Sun Yafang, Ren Zhengfei, Xu Wenwei, and Guo Pingping withdrew from Beijing Huawei Digital Technology Co., Ltd.,

On December 30, 2019, Hangzhou Huawei Enterprise Communication Technology Co., Ltd. had a change of director and supervisor. Guo Ping resigned as a legal representative and chairman, and Tian Xingpu took over. In addition, Meng Wanzhou withdrew from the board of directors.

On March 11, 2020, Chengdu Huawei Technologies Co., Ltd. had an industrial and commercial change. Wang Tao stepped down as his legal representative and chairman, Tian Xingpu took over as its legal representative and chairman.

The above four companies are wholly-owned by Huawei Technologies Co., Ltd.

The operations of Shanghai Huawei Technology Co., Ltd. hit the road in January 2001. It started with a registered capital of 200 million yuan (about $28 million). The company’s business scope includes software development, technical services in the field of communication technology, program-controlled switches, transmission equipment, data communication equipment, broadband multimedia equipment, wireless communication equipment, etc. This company is under the control of Huawei Technologies Co., Ltd.

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Since November 2019, this will be the fourth time that we will see a major change in Huawei’s subsidiaries. The company probably has a plan to execute hence the changes

Source/VIA :
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