Huawei Announces Meng Wanzhou as Rotating Chairman
SHENZHEN, CHINA – Huawei Technologies Co., Ltd. announced today that Meng Wanzhou willserve as the company’s rotating chairman from October 1, 2024, to March 31, 2025. Thisappointment follows Huawei’s established rotating chairman system, where the individual in this role acts as the company’s highest leader, presiding over the board of directors andits executive committee.
Meng Wanzhou, a graduate of Huazhong University of Science and Technology with a master’s degree, joined Huawei in 1993. She has held various leadership positions within the company, including International AccountingDirector, Chief Financial Officer of Huawei Hong Kong, and President of the Accounting Management Department. Currently, she serves as Vice Chairman, Rotating Chairman, and Chief Financial Officer (CFO) of Huawei.
Since 2003, MengWanzhou has spearheaded the establishment of a unified global financial organization structure, processes, systems, and IT platform for Huawei. From 2007 to 2014, she led the implementation of the Integrated Financial Services (IFS) reform across the company, making meticulous management a key driver of Huawei’s sustained growth.
In 2014, Meng Wanzhou spearheaded Huawei’s data transformation, establishing a comprehensive data management system that ensured data accuracy and consistency. This initiative transformed data into a strategic asset for the company. During the same period, she implemented various reforms, including financial reporting controls, reconciliationof accounts, capital management, and tax management, enabling the finance organization to become a business partner and value integrator, supporting the company’s rapid and stable global business growth.
Since 2019, aligning with Huawei’s strategic foresight and long-term development plans, Meng Wanzhou has developed a comprehensivedigital blueprint for the company’s finance operations. This includes the construction of risk probes and control models for contactless risk management, the establishment of an agile business management system based on data and AI algorithms for intelligent business management and decision-making, and the development of an integrated command platform for collaborative operations and comprehensive command in key financialscenarios based on data transparency and real-time interaction.
Under her leadership, Huawei’s finance organization has become a world-leading digital and intelligent financial organization, providing a solid foundation for Huawei’s operations and supporting the company’s strategic goals in the new era.
References:
- Huawei official website: https://www.huawei.com/en/
- Observer.com: https://www.guancha.cn/
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