The daughter of the founder of Huawei will become the chairman of the board of directors of the company in April

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

  Image Source: Huawei Technologies

Image Source: Huawei Technologies

This was reported on Wednesday Shanghai Security News, according to Reuters. The organizational structure of Huawei Technologies implies that the chairman of the board of directors changes every six months, it is for such a period that the daughter of the founder of the Chinese tech empire, Ren Zhengfei, should take this position. In the hierarchy of Huawei Technologies, this is the highest leadership position, but his relative of the founder will hold no longer than all other predecessors.

In 2018, Meng Wanzhou was detained in Canada at the request of US law enforcement. As CFO of Huawei Technologies, she was accused of circumventing US sanctions to ban the supply of certain equipment to Iran. The daughter of the founder of the company spent the next three years under house arrest in Canada and was released home only in September 2021 after a deal was made with the investigation.

All the while, President Donald Trump (Donald Trump) increased pressure on Huawei Technologies, which by 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 – progressive mobile processors of its own design. The main part of the smartphone business was transferred to a consortium of investors who were able to continue to release them under the Honor brand, and last year Huawei itself finished in tenth place in the ranking of the largest smartphone suppliers in the world with a share of no more than 2%.

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