Huawei announced the appointment of Mr. Eric Xu as it next rotating CEO. He will serve as Acting CEO of Huawei from October 1, 2013 to March 31, 2014.
Huawei said its rotating CEO acts as the primary person of the company’s operations and crisis management during his tenure and is responsible for convening and chairing the meetings of Board of Directors’ Executive Committee and the company’s Executive Management Team.
In April 2012, Huawei has adopted a rotating CEO model in which which a small group of executives take turns to fulfill CEO duties. At the time, Mr. Ren Zhengfei said a group of rotating and acting CEOs should be more effective, compared to a single CEO, who is otherwise expected to handle multiple affairs each day. The rotating and acting CEOs take turns leading the company for six months. After the rotational period is over, the non-acting rotating CEOs will still be part of the company's decision-making nucleus.