Bowen Mengchen Fish and Sheep from the Aofei Temple Qubit | Official account QbitAI
Half a year after returning to China, Meng Wanzhou was just found to have been promoted to rotating chairman of Huawei.
Rotating Chairman, the highest position in Huawei's top management, is Huawei's top leader during the period of duty, responsible for presiding over the board of directors and the standing committee of the board of directors, and each rotating term of office is 6 months.
This also broke the previous statement of Huawei founder Ren Zhengfei, who in an interview when Meng Wanzhou was crossing the robbery, Ren Zhengfei was asked whether his daughter would take over:
She could never be a successor because she didn't have a technical background, and I couldn't fully see the trajectory of my children from my father's point of view.
But time has changed, and Huawei has experienced great changes both internally and externally since 2018, and this adjustment may also be the best embodiment of internal and external public opinion. And even at the time of the interview, the outside world also believed that Ren Zhengfei was deliberately letting the outside world know that taking Meng Wanzhou to blackmail Huawei was also a protection strategy for Huawei and his daughter.
It is worth noting that as soon as today's news came out, it directly rushed to the first hot search:
50 years old, the youngest rotating chairman
Meng Wanzhou, ren Zhengfei's eldest daughter, born in 1972, now 50 years old, graduated from Shenzhen University and joined Huawei at the age of 21.
Initially, she hid her identity — following her mother's surname is said to be the same reason for this — starting as a grassroots clerk and entering the executive branch.
In the middle, he went to Huazhong University of Science and Technology (now Huazhong University of Science and Technology) to study for a master's degree in finance, and then returned to Huawei in 1998 to join the finance department.
She still started from ordinary employees and rose to the positions of International Accounting Director, Chief Financial Officer of Huawei Hong Kong, and President of Accounting Management Department.
During this period, she first led the establishment of a globally unified Huawei Finance organizational structure, process, system, and IT platform.
Later, it implemented the IFS (Integrated Financial Services) reform, making refined management one of huawei's genes for continuous growth.
Meng Wanzhou did not disclose her identity until she was promoted to CFO in 2011, when she had been with Huawei for 18 years.
△ In 2014, Meng Wanzhou was appointed as the CFO
Although Meng Wanzhou is not from a technical background, she also led the establishment of Huawei's data management system when the trend of big data has gradually risen in the past 14 years.
Later, based on data and AI algorithms, an agile management system was established to realize intelligent operation management and decision-making.
Huawei's rotating chairman mechanism began in 2018, after Guo Ping, Xu Zhijun, and Hu Houkun.
The three were similar in age, born between 1966 and 1968, and joined Huawei not far apart.
After this promotion, the 50-year-old Meng Wanzhou became the youngest of Huawei's rotating chairmen.
Huawei's latest current situation: the sharpest decline in sales in 10 years
On March 28, Meng Wanzhou had just completed his first public appearance after being released and returned to China.
As the CFO, he released the 2021 Huawei Annual Report on behalf of Huawei.
In 2021, Huawei's total sales were 636.8 billion yuan, down 28.6% from 891.3 billion yuan in 2020, basically falling back to the level of 2017, and it was also the first time in the past 10 years that Huawei's sales fell sharply.
Meng Wanzhou explained:
First of all, the multiple rounds of sanctions by the United States have put huawei mobile phones and other terminal businesses under tremendous pressure.
Secondly, the construction of 5G base stations in China has been basically completed in 2020, so the 5G deployment business in China has not had so many customer needs.
Third, Huawei, like the vast majority of companies around the world, has also been hit by the epidemic.
However, huawei's net profit in 2021 was RMB113.7 billion, up 75.9% year-on-year, and operating cash flow also increased by 69.4% to RMB59.7 billion due to "net income from disposal of subsidiaries and businesses".
It is worth noting that Meng Wanzhou said that "R & D investment is not constrained by profits".
Huawei invested 142.7 billion yuan in R&D last year, with a R&D expense ratio of 22.4%. From 2012 to 2021, the total investment in research and development reached 845 billion yuan.
After the completion of the election of the board of supervisors, in addition to Meng Wanzhou's addition to the company's rotating chairman, Guo Ping was elected as the chairman of the board of supervisors and no longer served as the company's rotating chairman, vice chairman and director.
However, according to Huawei's rotation mechanism, Meng Wanzhou will not take office immediately.
At present, Huawei has 3 rotating chairmen, namely Xu Zhijun, Hu Houkun, and Meng Wanzhou
From April 1, 2022 to September 30, 2022, Hu Houkun will be the rotating chairman of Huawei. It is uncertain when Meng Wanzhou will officially take office.
Ren Zhengfei once commented on the rotation mechanism in an interview:
The most important thing is to protect cadres, and it is not possible to be a courtier.
In this news, many netizens gave their blessings, believing that Meng Wanzhou had experienced hardships and could be "reborn from the fire".
Some netizens also believe that when the former Zhengfei was interviewed, Meng Wanzhou has not yet regained his freedom. The return of this "catastrophe" may have new changes.