Chinese smartphone maker Honor is gearing up for an initial public offering (IPO). In preparation for this, the company has made some strategic adjustments to its board of directors, according to a report by Pandaily.
Wu Hui, a seasoned executive with extensive experience in government and business, has been appointed as Honor’s new chairman.
Wu Hui’s impressive background includes serving as Deputy Director of the Hubei Provincial Party Committee Office, Deputy Party Secretary of the Xianning Municipal Committee, and Deputy Mayor of the Municipal Government of Xianning. Since 2021, he has held the position of chairman of the Water Affairs Group.
Meanwhile, Wan Biao, a veteran of Huawei, has transitioned from his role as chairman to assume the position of vice chairman. Wan Biao brings a wealth of experience from his previous positions at Huawei, including President of Huawei’s Wireless Product Line, President of Huawei’s Russia Regional Department, and Chief Operating Officer of Huawei Consumer Business.
Despite the presence of Huawei system personnel across various departments, Honor’s CEO, Zhao Ming, has asserted the company’s autonomy in business strategy, investment, and management decisions.
Honor has demonstrated strong performance in the Chinese market, capturing the top spot in the third quarter of 2023 with 11.8 million units shipped and an 18% market share. This impressive performance highlights Honor’s potential to continue its growth trajectory.
Related:
- Honor 100 launches as the first-ever Snapdragon 7 Gen 3 phone, Honor 100 Pro with Snapdragon 8 Gen 2 debuts alongside
- iQOO 12 Pro vs Vivo X100 Pro: Specs Comparison
- Lenovo Legion Go review:The best gaming experience on a handheld
- Alldocube iWork GT 12 AMD 2-in-1 Tablet Giveaway by Gizmochina
- Alldocube iWork GT 12: AMD first 2-in-1 tablet, $100 off and extra gifts of $150
(Via)
