Meng Wanzhou talks about taking office as rotating chairman: Huawei is a collective leadership, not an individual succession

According to news from this site on March 31, today Huawei released its 2022 annual report. The report shows that Huawei’s overall operations are stable, achieving global sales revenue of 642.3 billion yuan, a year-on-year increase of 0.9%, and net profit of 35.6 billion yuan, a year-on-year decrease of 68.7%. Facing the future, Huawei continues to increase investment in R&D. In 2022, R&D investment will reach 161.5 billion yuan, accounting for 25.1% of annual revenue. The cumulative investment in R&D expenses in the past ten years has exceeded 977.3 billion yuan.

At the Huawei 2022 Annual Report Press Conference, Huawei Rotating Chairman Xu Zhijun and Huawei CFO Meng Wanzhou attended the press conference.

Meng Wanzhou said that after taking office as rotating chairman, the company's corporate governance charter made it clear that Huawei is a collective leader, not an individual succession, and will not place the fate of the company on individuals. The company's governance rules clearly define the responsibilities of the rotating chairman. I am the same as the other two rotating chairman and will be supervised by the company's board of directors.

Regarding the introduction of talents, Meng Wanzhou said that Huawei is not academic-only. No matter what type of talent they are, as long as they match the needs of the job and are good enough, we will welcome them. Although the company's operations are under pressure, it will continue to welcome outstanding talents to join.

Meng Wanzhou said, "From two aspects, our customers and partners still believe in and choose Huawei; secondly, at the end of last year, our net cash balance was 176.3 billion yuan, which can support Most of the business plans, in short, we still exist and will continue to exist." She also said, "I firmly believe that as long as we continue to fight and never give up, every moment and every effort we make will not be in vain. , We may not succeed, but we live to die, how can we not be benevolent?"

Huawei today released the "Announcement on the Company's Rotating Chairman of the Board", saying that according to the company's rotating chairman system, 4 From September 1st to September 30th, Ms. Meng Wanzhou served as rotating chairman. The rotating chairman is the company’s top leader during his term of office and presides over the company’s board of directors and the board’s standing committee.

This site learned from Huawei’s official website that Meng Wanzhou graduated from Huazhong University of Science and Technology with a master’s degree. Joined Huawei in 1993. He has successively served as the company's international accounting director, chief financial officer of Huawei Hong Kong, and president of the accounting management department. He currently serves as Vice Chairman, Rotating Chairman and CFO of the Company.

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