By Reuters | Updated: October 01, 2024
BEIJING, Oct 1 (Reuters) – Meng Wanzhou on Tuesday took over from Eric Xu as the rotating chairperson of China’s Huawei Technologies (HWT.UL) for the next six months, the Shenzhen-based telecoms giant and smartphone maker said.
Meng, who is also the daughter of Huawei’s founder Ren Zhengfei, will also continue to serve as the company’s chief financial officer concurrently.
The 52-year-old is taking the reins at a time when Huawei is going head-to-head with rival Apple (AAPL.O) over smartphone sales. Both companies launched their latest devices on the same day in September, with Huawei rolling out a premium tri-fold phone that costs $2,800.
Meng, described as the “Princess of Huawei” by Chinese media, was caught up in an extradition drama several years ago.
She was detained in Vancouver in December 2018 after a New York court issued an arrest warrant, saying Meng had tried to cover up attempts by Huawei-linked companies to sell equipment to Iran in breach of U.S. sanctions.
Meng was allowed to return to China in September 2021 after reaching an agreement with U.S. prosecutors to end a bank fraud case against her.
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@ Thomson Reuters 2024
