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Yu Chengdong steps down as CEO of Huawei Terminal BG, He Gang will take over
Yu Chengdong steps down as CEO of Huawei Terminal BG, He Gang will take over
According to multiple media reports, Huawei internally issued a personnel adjustment document on the afternoon of April 30, announcing that Yu Chengdong would step down as CEO of Huawei Terminal BG. Yu Chengdong will remain as chairman of Terminal BG. He Gang, the former Huawei Terminal BG and Chief Operating Officer, will take over the position of CEO of Huawei Terminal BG.
According to reports, apart from the above-mentioned personal changes and adjustments, the document does not contain any more information. There is no further explanation on the background of this major personnel change and Yu Chengdong’s new business focus after stepping down as CEO of Terminal BG.
Some sources said that this adjustment is a routine business structure adjustment, which will allow Yu Chengdong to have more energy to create high-quality products for consumers.
Yu Chengdong was born in 1969. He graduated from the Automatic Control Department of Northwestern Polytechnical University with a bachelor's degree and a master's degree from Tsinghua University. He joined Huawei in 1993 and has been working ever since.
At Huawei, Yu Chengdong has served as 3G Product Director, Vice President of Wireless Product Marketing, President of Wireless Product Line, President of European Region, and President of Strategy and Marketing System. In March 2018, he was elected as the Executive Director of Huawei Investment Holdings Co., Ltd. Director, board member.
Currently, Yu Chengdong serves as a board member, managing director, consumer BG CEO, smart car solution BU CEO, and director of the Intelligent Terminal and Smart Car Components Management Committee in Huawei.
Among them, Yu Chengdong has been the CEO of Huawei Terminal Company since 2011, and it has been nearly 13 years now.
He Gang graduated with a master's degree from Xi'an University of Electronic Science and Technology. He joined Huawei in 1998 and served as President of Huawei Consumer BG Mobile Products in 2012. He has since served as Chief Operating Officer of Huawei Terminal BG and Chairman of the Sustainability Committee of Huawei Terminal BG. . He Gang once participated in and led the research and development of Huawei Mate and P series mobile phones.
Since 2012 to the present, during the cooperation between Yu Chengdong and He Gang, Huawei's terminal business revenue has grown rapidly from 160.1 billion yuan to a peak of 482.9 billion yuan in 2020. Huawei's mobile phone sales also once surpassed Samsung's, ranking first in the global smartphone market in single-quarter sales.
Yesterday afternoon, Huawei disclosed its financial report for the first quarter of 2024. During the period, the company achieved operating income of approximately 178.45 billion yuan, a year-on-year increase of 36.66%; net profit attributable to the parent company was approximately 19.65 billion yuan, a year-on-year increase of approximately 564%. Huawei's financial report performance has received great attention from the market.
The financial report shows that Huawei continued to increase its R&D investment in the first quarter. Expenses spent on research and development in the quarter were 41.588 billion yuan, a year-on-year increase of 13.81%.
In January this year, Yu Chengdong mentioned in his 2024 New Year letter: "2024 is a critical year for native Hongmeng. We must accelerate the development of various Hongmeng native applications and focus on winning the technical base and The two most arduous battles in the three-party ecosystem. Through technological innovation, product innovation and business model innovation, Hongmeng will provide consumers with a high-end and exquisite, easy-to-use, extremely smooth, pure and safe experience."
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