- Meng Wanzhou is now in the mode of fighting her extradition from Canada to the US
- 2020 will remain difficult for Huawei, but no one will lose a job
- Andy Purdy, the chief security officer, said Meng Wanzhou existence for the company is crucial
Who is Meng Wanzhou?
Meng Wanzhou, popular as Cathy Meng or Sabrina Meng, is one of the notable and criticized Chinese business person. She is serving as the deputy chairwoman for the board as well as a chief financial officer (CFO) of the largest sector giant, of the telecom industry Huawei which was founded by none other than his father, Ren Zhengfei.
What happened with Meng Wanzhou?
Meng Wanzhou is now in the mode where she is fighting against her extradition from Canada to the US. In the US, she proved to be most wanted as she is having charges against her for fraud and sanctions violations. Andy Purdy, the chief security officer, informed BBC that – It’s true that Ms. Meng is considered as the crucial person for the firm – but still there is a “succession plan” in process. Before the arrest of Meng Wenzhou, Ms. Meng remained one of the key figures for all major efforts of Huawei’s 5G.
The latest renewal of high-speed wireless technology, 5G, it will support to increase mobile connectivity as well as data speeds across the globe. The beginning of her hearing started as Huawei is battling against the US efforts from blocking it from doing participating in the development of the 5G.
Source: https://flickr.com/photos/janitors/16103977343/
What the outcome of the conversation with Mr. Andy Purdy, CSO of Huawei?
The US ended up labeling the company as a security risk and also banned the selling of its listed products. The US politicians are making serious efforts towards pushing all its allies, which includes the UK, South Korea, and Germany, toward blocking Huawei from all their markets.
The conversation that happened with Mr. Andy Purdy was conducted right outside the courthouse and in Vancouver, Canada, the place where the hearing of Ms. Meng is taking place.
Mr. Purdy mentioned in his statement that Ms. Meng is very vital for the leadership and smooth conduct of the business globally, and to be precise, she’s irreplaceable. He further added that they are ready with a succession plan because the company needs to have the required ability to proceeding further if there is something odd happening. He said in any circumstances if she needs to proceed further without her, it’s going to be a shameful act.
When asked about his views as his view after The US efforts to ban the company as a security risk, he said that the company is having around 300 American suppliers associated with them that wish to continue towards selling to Huawei.
If that fact is taken into account, then close to 40 to 50,000 jobs of Americans will get impacted directly or indirectly. Such a scenario is going to be one of the biggest challenges as the company needs to move forward. What that is good to know is that the revenues for 2019 remained stable and up around 18%. 2020 will be a challenging year for Huawei, but none of the executives associated with them will be fired.
