Domestic

ZTE changes longtime president

(chinadaily.com.cn)
Updated: 2010-04-27 14:55

ZTE, a leading infrastructure manufacturer based in Shenzhen, Guangdong province, ousted longtime president and chief executive Yin Yimin in favor of executive vice-president Shi Lirong, hexun.com reported on April 27.

The company's executive shuffle comes amid rumors that Yin would resign at the end of March due to ZTE's struggle to compete with rival Huawei, another Shenzhen-based telecommunications manufacturer.

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Shi's appointment came amid the election of three new board members: Hou Weigui as chairman, Lei Fanpei and Xie Weiliang as vice-chairmen.

However, the company's financial director, executive vice-presidents and senior vice-presidents retained their posts.