Richard Yu allegedly steps down as CEO of Huawei Consumer Business to serve as Chairman

Huawei's Richard Yu (Yu Chengdong in Chinese) will allegedly no longer serve as the CEO of the Consumer Business Group, instead moving to the position of Chairman. The new CEO will apparently be He Gang, the former Chief Operating Officer (COO). So far Huawei has never had a Chairman for its Consumer Business Group, so Yu will be the first. The point of the move is to allow Yu to expand his scope of duties within the company. He will now look after more parts of the group, including those dealing with smart devices and car components - Huawei has been very active in the EV space in...

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