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ZTE names new CEO in quest for US reprieve

ZTE names new CEO in quest for US reprieve

6 years ago
Anonymous $cyhBy-qkd5

https://www.techradar.com/news/zte-names-new-ceo-in-quest-for-us-reprieve

ZTE has reportedly chosen a new CEO and a number of other senior executives as it seeks to overturn a seven-year ban from dealing with US companies.

The Chinese smartphone and telecoms network equipment manufacturer is required to change its management team, dismiss any employee at a senior vice president level or above and pay the US government a $1 billion fine for the ban to be overturned, with a further $400 million held in escrow.