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Huawei elects new board in first reshuffle since 2012, replacing its rotating CEO system with a rotating chairman system and keeping Ren Zhengfei as CEO

“Huawei said Liang Hua, who has held various positions since joining the company in 1995, will become chairman, replacing chairwoman Sun Yafang” writes Reuters Editorial for reuters.com. HONG KONG (Reuters) – Smartphone maker Huawei Technologies Co Ltd [HWT.UL] said it has elected a new board in its first reshuffle since 2012, shedding some light on the company’s succession plans following speculation about the retirement of founder Ren Zhengfei.The company also said its rotating CEO system, in which Guo Ping, Eric Xu and Ken Hu used to take turns as CEO, would be replaced by a rotating chairman system.
 
Source: reuters.com



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