Huawei’s growth push will involve changing its board
Huawei’s focus is on profitability, exploring overseas business and moving its phones higher up the value chain, where it will clash with Apple and Samsung more often
Beijing — Huawei Technologies will shake up its board for the first time in six years, as the Chinese company prepares to push deeper into developed markets such as the US for growth. China’s largest networking gear maker will in 2018 elect directors for the first time since 2012, rotating CEO Guo Ping said in an interview on Tuesday. That will reshape the board at a company controlled by former army engineer Ren Zhengfei, and infuse new blood into a telecoms giant that became the world’s third largest cellphone brand in 2016. It is now eyeing new businesses such as the cloud, and markets from Europe to Japan. Huawei, which in 2016 declared it will someday surpass both Apple and Samsung Electronics in market share, has long been hampered in the US by questions over its links to the Chinese government — an issue that’s come before Congress. But Huawei could conceivably enter the market through partnerships with local providers, though Guo said the priority for now was to strengthen i...
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