Tuesday , March 19 2019
Home / Business / Huawei’s CEO, closer to arrested daughter, rules her out as successor

Huawei’s CEO, closer to arrested daughter, rules her out as successor

“This ability to observe the future has to have a technical background — without that, you won’t be able to foresee things that will happen in the future,” he said. “She won’t be a successor because she doesn’t have this background.”

Loading

Meng was arrested during a stopover at Vancouver’s airport on December 1 at the behest of the U.S., which accuses her of lying to banks to trick them into processing transactions that potentially violated Iran sanctions. She faces multiple criminal charges, each of which carries a maximum sentence of 30 years in prison.

Meng, released on C$10 million ($10.6 million) bail in December, has been living with her husband and youngest daughter in one of the family’s two luxury homes in Vancouver. Ren told CTV his daughter has “committed no crime” and that he supports her efforts to fight extradition.

Meng is arguing the US charges are politically motivated and is also suing Canada for what she calls wrongful detention.

Yet the experience has benefited their relationship: in the past, father and daughter rarely exchanged phone calls, he said. “Once a year, we exchanged pleasantries because we were all busy,’ he told CTV. ‘But now, every other day we have phone calls,” he said.

Ren Zhengfei, founder and CEO of Huawei.

Ren Zhengfei, founder and CEO of Huawei.Credit:AP

This matter improved our relationship and now she understands how difficult life can be.

Huawei founder Ren Zhengfei

“We shoot the breeze, tell jokes, I tell her some anecdote I’ve read on the internet,’ Ren added. “The case in Canada made my bonds deeper with my daughter.”

It’s not the first time Ren, a former army engineer, has ruled out his daughter.

The 47-year-old Meng has spent almost her entire working life at Huawei.

Amid speculation about Ren’s succession plans, the patriarch sent an internal email in 2013 in which he laid out the qualities needed and concluded “none of my family members possess these qualities” and “will never be included in the sequence of successors,” online news service Sina Tech has reported.

Bloomberg

Most Viewed in Business

Loading

About admin

Check Also

House prices tumble even faster than during the GFC, as RBA’s concerns grow over jobs market

Sydney prices dropped by 3.7 per cent in the quarter to be down by 7.8 …

Leave a Reply

Your email address will not be published. Required fields are marked *