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Meng takes over rotating Huawei chairmanship

Huawei CFO Meng Wanzhou will apparently assume the position of chairwoman at the telecom equipment manufacturer for six months starting in April. She gained international attention after being under house arrest in Canada between 2018 and 2021. Meng is the daughter of company founder and CEO Ren Zhengfei. Huawei did not confirm the news, but Chinese media are treating it as fact. Meng’s ascension to the company’s rotating top management is seen as a sign that she could be part of a plan to succeed 78-year-old Ren.

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