ZTE has appointed new management in compliance with the conditions of the deal it made with the US government last month, Caixin reports, as the troubled telecommunications firm fights to get sanctions barring it from doing business with American firms lifted.
The new CEO will be Xu Ziyang, who will move from his role as president of ZTE’s Telecom Cloud and Core Network branch. Xu also used to run the company’s operations in Germany.
The refreshed board will be led by Li Zixue, with former board member Li Ying taking the role of CFO as well as company vice president.
ZTE is still waiting for the US government to remove the crippling ban that saw it almost immediately forced to cease its core business due to major disruptions in its supply chain. The US Commerce Department said earlier this week that it will grant a temporary reprieve to ZTE while lawmakers in Congress continue to discuss further penalties.
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