Meng Wanzhou (孟晚舟, born in 1972),  or Sabrina Meng, is Chief Financial Officer of Chinese telecom equipment giant Huawei.

Meng is the 46-year old daughter of Ren Zheng Fei, founder and chairman of Shenzhen-based Huawei.

Meng, who adopted her mother’s surname after her parents divorced, is one of four executives who hold the vice-chair role, while retaining her CFO position.

Born in 1972, Meng has a master’s degree from Huazhong University of Science and Technology.

Meng has served in various roles at the company, mostly in finance, treasury management and accounting, until her latest role as the Hong Kong-based CFO of Huawei. Meng has said she served as a telephone operator in her early days.

“I served as a secretary, and helped on sales and exhibitions etc when the company was small. My early jobs in Huawei were very trivial,” she said in the 21st Century interview. “In 1997, I came back to Huazhong University of Science and Technology and got a master’s degree in accounting … and later served in Huawei’s finance department, which was the real start of my career.”

In 2003, Meng established Huawei’s globally unified finance organisation, with standardised structures, financial processes, financial systems, and IT platforms.

Since 2005, Meng has led the founding of five shared service centers around the world, and she was also the driver behind completion of a global payment center in Shenzhen, China. These centers have boosted Huawei’s accounting efficiency and monitoring quality, providing accounting services to sustain the company’s rapid overseas expansion.

Since 2007, Meng has been in charge of the integrated financial services (IFS) transformation program, an eight-year partnership between Huawei and IBM. This has helped Huawei develop its data systems and rules for resource allocation, and improve operating efficiency and internal controls.

In recent years, Meng has focused on advancing detailed financial management at Huawei, working to align these efforts with the company’s long-term development plans.

Ren moves in the highest government circles in China and founded Huawei after he retired from the Chinese armed forces in 1983, when the government disbanded its engineering corps. Born into a rural family in a remote mountainous town in the southwestern province of Guizhou, Ren rose to the equivalent rank of a deputy regimental chief in the PLA, according to his official Huawei biography.

Meng’s background and lineage had prompted widespread speculation that she was being groomed to take over the reins of the company eventually, despite assertions by 74-year old Ren that none of his family members would succeed him in the top job.

Source: SCMP


Huawei’s chief financial officer arrested in Canada for violating US sanctions on Iran: reports

China is demanding the immediate release of Huawei’s global chief financial officer, who was arrested in Canada and is facing extradition to the United States amid reports she violated US sanctions against Iran.

Canada has arrested Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States on suspicion she violated US sanctions against Iran, Canadian officials and reports say.

Meng Wanzhou, who is one of the vice chairs on the Chinese technology company’s board and the daughter of company founder Ren Zhengfei, was arrested on December 1 when she was transferring flights.

A court hearing has been set for Friday, a Canadian Justice Department spokesman, Ian McLeod, said.

Mr McLeod said a publication ban had been imposed in the case and he could not provide any further details.

A US Justice Department spokesman declined to comment.

China’s embassy in Canada said it resolutely opposed the arrest and made representations to Canada and the US, demanding her immediate release.

“The Canadian police, at the request of the United States, arrested a Chinese citizen who had not violated any US or Canadian law,” the embassy said in a short statement on its website.

“China has already made solemn representations to the United States and Canada, demanding they immediately correct their wrong behaviour and restore Ms Meng Wanzhou’s freedom.”

Ms Meng’s arrest could drive a wedge between China and the United States just days after President Donald Trump and President Xi Jinping held a meeting in Argentina where they agreed to a 90-day-truce to their trade war.

Huawei, one of the world’s largest makers of telecommunications network equipment, said it complies with all laws and rules where it operates, including export controls and sanctions of the United Nations, the US and European Union.

Huawei also said it had been provided little information of the charges against Ms Meng, adding it was, “not aware of any wrongdoing by Ms Meng”.

A crisis in relations

Though Mr Trump and Mr Xi agreed to take steps toward ending their trade war, a resolution is now in doubt.

David Mulroney, a former Canadian ambassador to China, said US and Canadian business executives could also face reprisals in China.

“That’s something we should be watching out for. It’s a possibility. China’s plays rough,” Mr Mulroney said.

“It’s a prominent member of their society and it’s a company that really embodies China’s quest for global recognition as a technology power.”

Mr Mulroney said Canada should be prepared for “sustained fury” from the Chinese and said it would be portrayed in China as Canada kowtowing to Mr Trump.

He also said the Iran allegations were very damaging to Huawei and said China would push back hard.

Wenran Jiang, a senior fellow at the Institute of Asian Research at the University of British Columbia, noted the arrest took place on the same day Mr Trump met with Mr Xi to discuss the trade war after the close of the G20 summit in Argentina.

“She was in transit though Vancouver.

“That means the intelligence agencies in Canada and the US were tracking her and planning to arrest her for some time,” he said.

“The Chinese will read this as a planned conspiracy to do damage.”

He predicted a crisis in relations between the three countries if she was extradited and said any talk of free trade agreement between Canada and China would be over.

US authorities have been probing Huawei since at least 2016 for allegedly shipping US-origin products to Iran and other countries in violation of US export and sanctions laws, sources said in April.

Amid escalating technology tensions, Chinese Foreign Ministry spokeswoman Hua Chunying said at the time that China opposed any country imposing unilateral sanctions based on its own law.

“We hope the US will refrain from taking actions that could further undermine investor confidence in the US business environment and harm its domestic economy and normal, open, transparent and win-win international trade,” Ms Hua said in April.

That same month, Washington barred Huawei rival ZTE from exporting US technology in a separate case over exports to Iran and North Korea.

Reuters/AP

SHARE
Previous articleHe Jiankui

LEAVE A REPLY

Please enter your comment!
Please enter your name here