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Huawei appoints chairman as acting CFO after Meng’s arrest

Huawei has appointed chairman Liang Hua as acting chief financial officer following the  arrest on US sanctions-busting charges of Meng Wanzhou in Canada.

Mr Liang, who joined the Chinese telecoms group in 1995, previously served as CFO as well as chairing the audit committee and the supervisory board.

The arrest of Ms Meng, who now faces extradition to the US, sent markets reeling and sparked concerns of broader geopolitical fallout just as the world’s two most powerful countries had agreed a temporary ceasefire on the tariffs war.

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