ZTE announce new CEO in bid to lift US ban

Adjust Comment Print

The move comes after ZTE had promised to overhaul its management within 30 days of agreeing to a US$1.4 billion settlement with United States authorities in June, aimed at lifting a seven-year supplier ban.

Xu Ziyang is the former head of the smartphones and networking gear company's business in Germany.

A call made to Xu through ZTE's main line went unanswered.

ZTE didn't immediately respond to a request for comment.


The US banned ZTE from buying any American electronics parts after the company violated US trade laws by selling products to US-sanctioned Iran and North Korea, then covering it up and lying about it.

ZTE, the Chinese smartphone maker that was banned from operating in the US this past April, may already be resuming its stateside operations. It seems as the company has also named a new chief technology officer, new head of human resources, chief monetary officer and chief expertise officer.

The Trump administration on Tuesday temporarily lifted part of a ban it had placed on ZTE, allowing the Chinese telecoms giant to resume some of its business activities while the US Congress continues to consider penalties on the company.

The new management appointments come after ZTE last week elected a new board led by 54-year-old Li Zixue as chairman to replace a 14-person board led by Yin Yimin, Reuters noted.


As part of its efforts to appease USA authorities, ZTE has replaced its board and appears to be revamping its senior management line-up.

The company, which is headquartered in China's southern city of Shenzhen, suspended most operations after it was banned in April from buying US technology and warned that the ban would put it out of business.

For the latest news from the South China Morning Post download our mobile app.


Comments