On April 1, Huawei announced the completion of the general election of the board of supervisors, and elected the chairman, supervisor and alternate supervisor of the board of supervisors. On the same day, Huawei’s official website updated the management information. The reporter learned from Huawei’s official website that Meng Wanzhou has officially become the new chairman in rotation. His position is vice chairman, chairman in rotation and CFO of Huawei Guo Ping, the former rotating chairman, stepped down and was elected chairman of the board of supervisors.
At present, there are three rotating chairmen of Huawei, namely Xu Zhijun, Hu houkun and Meng Wanzhou. On March 28 not long ago, Meng Wanzhou attended Huawei’s 2021 performance conference and was interviewed by global media, including all media reporters of Yangcheng Evening News. It was Meng Wanzhou’s first public appearance after returning homeP align = “center” Image Source: Huawei official website
On March 31, Huawei also announced the announcement of the rotating chairman on duty. According to the rotating chairman system of Huawei, Hu houkun will be the rotating chairman from April 1, 2022 to September 30, 2022. Within Huawei, the rotating chairman is the supreme leader of Huawei during his tenure and presides over the board of directors and the Standing Committee of the board of directors. According to Huawei’s annual report released on March 28, the global sales revenue in 2021 was 636.8 billion yuan, a year-on-year decrease of 28%; The net profit was 113.7 billion yuan, a year-on-year increase of 75.9%. Meng Wanzhou said at the meeting: “our scale has become smaller, but our profitability and cash flow acquisition ability are increasing, and the company’s ability to deal with uncertainty is improving.”
Huawei spokesman said that the company is committed to optimizing and improving the internal governance structure to make the company’s foundation evergreen. The change of the board of supervisors is a work of orderly promotion of corporate governance in accordance with the articles of association. The board of supervisors of Huawei is the highest supervisory body of the company and exercises supervisory power on behalf of shareholders. The orientation of the board of supervisors is to be responsible for the survival, development and destiny of the company. Its basic functions and powers include leadership management, business review and strategic foresight. The members of the board of supervisors are elected by the representative meeting of shareholding employees and voted by the shareholders’ meeting. The board of supervisors shall set up a standing committee, which shall carry out daily work under the authorization of the board of supervisors.
