Some people speculate that the growing gap between ZTE and Huawei led to Yin Yimin's departure. The two rivals in the same city have been uncompromising, but Huawei is far ahead. In 2009, Huawei's global sales revenue was 149 1 100 million yuan, while ZTE's estimated revenue was 57.5 billion yuan, only one third of Huawei's. The net profit is even different. At least at this stage, ZTE has completely lagged behind Huawei.
Since Yin Yimin took charge of ZTE for six years, ZTE's performance has improved steadily, but Huawei's performance has improved even faster. It can be said that these six years have witnessed the growing gap between ZTE and Huawei. Hou Weigui, as the chairman of the board, couldn't swallow this tone naturally. Perhaps this really led to Yin Yimin being pulled down from the position of president.
But in any case, Yin Yimin is not the president who flew in from the outside, with no attachments. Looking at Yin Yimin's resume, we can see that he is from a technical background. 199 1 worked as the director of research and development in ZTE, and he wrote many excellent products of ZTE. His experience in ZTE for nearly 20 years has also created his prestige and intricate network of relationships. When Yin Yimin was elected as the successor, it was natural and popular. Although the gap between ZTE and Huawei has widened, Yin Yimin is not bigger. In fact, ZTE has been developing steadily during his tenure. The recall of the president has dealt a great blow to Yin Yimin, which can not help but cause emotional fluctuations.
If this kind of mood fluctuation leads to some bad actions, as mentioned above, with Yin Yimin's influence, it will do great harm to ZTE. To prevent this from happening, we must rely on the cohesion of ZTE, the prestige of Chairman Hou, and the handling of ZTE's top management. At least for the time being, ZTE's unanimous approval of Yin Yimin's achievements is definitely soothing. On the afternoon of March 30th, ZTE, a telecom equipment manufacturer, announced this afternoon that it had completed the changes of the board of directors and management, and Shi Lirong, a senior vice president, would replace Yin Yimin, the current president. According to insiders, although Yin Yimin is no longer the president, he will not leave ZTE.
It is reported that ZTE held the first meeting of the fifth board of directors this afternoon. The meeting reviewed and approved the Proposal on Electing the Chairman and Vice Chairman of the Fifth Board of Directors. The Board of Directors elected as the Chairman of the Fifth Board of Directors, Lei Fanpei and Xie as the Vice Chairmen of the Fifth Board of Directors, and Yin Yimin, He and He continued to serve as directors of the Company.
At the same time, the meeting deliberated and adopted the Proposal on Appointing New Senior Managers of the Company, appointing Mr. as the President of ZTE Corporation, and reappointing Mr. He, Mr. Wei Zaisheng, Mr. Xie Daxiong, Mr. Tian Wenguo, Mr. Qiu and Mr. Fan Qingfeng as the Executive Vice Presidents of ZTE Corporation. It is also suggested that Mr. Wei Zaisheng be re-appointed as the chief financial officer of ZTE Corporation.
According to the announcement, Ms. Chen Jie, Mr. Zhao Xianming, Mr. Pang Shengqing, Mr. Adam Gao, Mr. Xu, Mr. Ye Weimin, Mr. Ni Qin, Mr. Wu Zengqi, Mr. Zhu Jinyun and Mr. Zhang were re-appointed as senior vice presidents of ZTE Corporation. According to the nomination of the Chairman, Mr. Feng was re-elected as Secretary of the Board of Directors of ZTE Corporation.
The announcement said that the new management kept the team stable and took office from now on to perform relevant duties. The company's next strategic development goal is to build ZTE into a global excellent enterprise.