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China’s Huawei rotates 3 co-CEOs

Huawei Technologies Co, China’s largest maker of phone equipment, on Monday said its founder Ren Zhengfei is splitting the role of CEO with a panel of three executives who will rotate at six-month intervals.

Vice Chairmen Guo Ping, Eric Xu Zhijun and Ken Hu Houkun will join Ren as co-CEOs, spokesman Ross Gan said on Monday. Ren, 67, also retains his title as a vice chairman of Huawei, according to the company’s annual report released on Monday.

Ren founded Huawei in 1988 and built it into the world’s largest maker of equipment for phone networks after Ericsson AB.

(Source: Shanghai Daily )