The official newspaper Global Times (December 30) reported that Huawei founder and ex-PLA Engineer Ren Zhengfei and his daughter Meng Wanzhou, who is also Huawei's Chief Financial Officer, stepped down from their positions on the Board of Huawei. Meng Wanzhou has quit her position as a member of the board of directors of Hangzhou Huawei Enterprises Communications Technologies Co, a wholly owned subsidiary of Shenzhen-based Huawei Tech Investment Co, data from corporate information search platform Tianyancha showed. It said the move is part of a broader reshuffle in Huawei's subsidiaries in recent months, which industry observers believe shows the Chinese company is short-listing potential senior executives and sorting out management responsibilities so that it could be prepared for a drawn-out battle with Washington. Among others stepping down are: former Huawei Chairperson and former high ranking official of China's Ministry of State Security Ms Sun Yafang as well as Eric Xu Zhijun, accused by a U.S. Silicon Valley chip manufacturing company in May 2019 of involvement in theft of trade secrets. Other board directors who quit include Xu Wenwei, Guo Ping and Ken Hu Houkun. Ma Jihua, a veteran industry analyst, told the Global Times that the shift is a "proactive strategy". Huawei is making itself prepared in terms of corporate management to fight a prolonged tech war with the US.
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