Huawei Technologies named its CFO Meng Wanzhou, who returned to China in 2021 after nearly three years detention in Canada, as its deputy Chairwoman.
Meanwhile, Ken Hu will assume the position of Rotating and Acting Chairman of Huawei from April 1, 2022 to September 30, 2022.
Meng Wanzhou is the daughter of Huawei founder Ren Zhengfei. Meng Wanzhou played a central role in the company’s tussle with the United States, having been detained in Canada in 2018 over alleged attempts by Huawei-linked companies to sell equipment to Iran in breach of U.S. sanctions.
The United States then imposed a series of trade restrictions on the company throughout 2019 and 2020, citing national security concerns. This impeded Huawei’s ability to design its own chips and to source components from outside vendors, crippling its smartphone businesses.
Meng Wanzhou was allowed to return to China in September after an agreement with U.S. prosecutors to end a bank fraud case.
