Huawei appoints chairman as its acting CFO after executive's arrest

Huawei appoints chairman as its acting CFO after executive's arrest

6 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/12/07/chinas-huawei-appoints-chairman-as-acting-cfo.html

China's Huawei Technologies has appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest in Canada of its CFO, who faces extradition to the United States, a source close to the matter told CNBC.

CFO Meng Wanzhou, who is also the daughter of Huawei founder Ren Zhengfei, was detained in Canada on Saturday. Canada's Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradition to the U.S. The arrest is related to violations of U.S. sanctions, a person familiar with the matter told Reuters.