Huawei responds: Executives ' unrest is a rumor

Biography of Ren for his son to take over the road to lead Huawei personnel Storm media reports said Huawei President Ren wanted to appoint his son Ren as a director, by Chairman Yafang and other executives opposed, many entrepreneurial veterans brewing away. The report also said that Ren's daughter, Meng Jianzhou, has also confirmed his successor as CFO.　　The move will make Huawei a further family enterprise.　　According to media reports, Huawei's president and founder Ren was planning to introduce his son Ren into Huawei's executive team, but the move was opposed by Huawei's senior management and could spark a personal shock for the country's emerging telecoms equipment giant.　　The report said that during the national day of the previous year, Huawei's routine executive management team (EMT) meeting, Ren proposed to introduce ren into EMT as a director, but the chairman Yafang and other executives of the strong protests. Conflicting executives are divided over the positions of directors Huawei EMT members include President Ren, Chairman Yafang, Vice President Fermin, Hongtian, Zhijun, jiping, Mr, Kun, Guo, Xu, etc.　　At the meeting, most executives expressed opposition to the introduction of Ren. People familiar with the matter said that support for Ren, including Guo, Xu, Peng Zhiping, Mr Kun did not say, but the yafang rate of the remaining executive representatives cast a negative vote. This led to a head-on clash between senior executives and Ren. Ren has a tough attitude and ren his son.　　Afterwards, the opposition was largely on leave or leave.　　Ren graduated from China University of Science and Technology, has been valued by Ren, has long been in Huawei's marketing department, procurement department, the pilot department and other departments to exercise for many years.　　Despite Huawei's internal knowledge of Ren's desire for his son to succeed, he has been yafang by senior executives like him. It is not yet certain that Ren, who has a large share of Huawei holdings in the hands of Huawei's entrepreneurs, will have to deal with share buybacks and price issues, as it is rumored that he has given a sky-high breakup fee for senior executives.　　This is also the core issue of Yafang and other executive turnover negotiations. There have been reports that Ren and Huawei have offered to recycle the shares of Huawei owned by Yafang at a price of 30 yuan per share.　　People close to the situation expect Yafang to get a "break-up fee" that could be close to 1 billion yuan. In addition, people familiar with Huawei confirmed that Yafang is indeed facing the departure from the position of Huawei Chairman. "Yafang and Huawei are mainly talking about the issue of stock prices, they should retire directly, and this is almost certain, and sun will not work again," the person said. "For reasons against Huawei becoming a family business, according to a person close to Huawei, Ren's daughter, a former financial director of Huawei's Hong Kong company, has also confirmed his successor to the CFO, the former CFO Liang, who is in the process of leaving.　　The move makes Huawei a further family enterprise. Yafang and other executives have resisted Huawei's shift to family-owned companies.　　Early because of the background and resources of Yafang, Huawei brought a huge growth space, but also in Huawei, the most respected Ren, almost par with Ren. The personnel turmoil is triggering huge fluctuations within Huawei. A familiar with HuaweiObservers said that as Huawei's internal faction is relatively distinct, each executive has its own team to bring out, once the changes in the executive means Huawei's internal personnel will be a big turbulence. Company responds to Huawei: High-level unrest is a rumor that Huawei yesterday afternoon issued a statement denying high levels of unrest, saying the news was "purely fabricated rumors."　　But Huawei's statement did not respond to rumours that "Ren intends to arrange for his son Ren to replace Yafang's chairmanship" in media reports. There are reports that Yafang was forced to leave, Huawei PR brand manager Liu Yinghe said, "because do not have the power of the spokesperson, can not return the message." "The most powerful woman in the background" Yafang Yafang, 50 years old, graduated from the University of Education and telecommunications in the State organs before the work, entered Huawei in 1992, and 1998 was promoted to Huawei Chairman and executive vice president, and served so far. Yafang was seen by outsiders as the most powerful successor to Ren.　　Forbes magazine October 6, 2010 released the "Most Powerful Women" annual list, the only Chinese woman on the list is Huawei Chairman Yafang. In Huawei, there would have been no chairman of this position, 1998 is not proposed Yafang as Chairman, responsible for external coordination, Ren himself is president, concentrate on internal management.　　Since then, in Huawei's few public activities, people see more Yafang figure, and Ren is behind the scenes, become the most low-key, the most mysterious entrepreneur. Extended reading Ren can not escape the concept of "Father's inheritance" at the same time as the rapid development of Huawei, the issue of Ren's successor, from a few years ago, began to arouse outside concern and discussion. In addition to Yafang, Li, who ran away from Huawei in 2008, was also seen as a replacement for Ren.　　Ren, who was born in 1944, is 66 years old and his succession problems are beginning to become urgent. The intention of Ren to let his son take over, in the past: Ren's successor-Ren, has been disclosed, the book wrote: "The total is great, also can not escape the traditional Chinese" father of the inheritance of the concept. In his mind, the ideal heir to the Huawei Empire he created was his son Ren.　　In 2007, Ren had proposed to let Ren into the decision-making level, as opposed to the temporary shelved. According to the new Century Weekly, economic report 21st Century, China Business Journal