Founded in 1987, Huawei is a leading global provider of information and communications

Party of China in 1982. Mr. Ren retired from the army 
in 1983 when the Chinese government disbanded the 
entire Engineering Corps. He then worked in the logistics 
service base of the Shenzhen South Sea Oil Corporation. 
As he was dissatisfied with his job, he decided to establish 
Huawei with a capital of CNY21,000 in 1987. He became 
the CEO of Huawei in 1988 and has held the title ever 
since.
Born in 1968, Mr. Yao holds a bachelor’s degree from 
the University of Electronic Science and Technology of 
China. Mr. Yao joined Huawei in 1997 and has served 
as Director of the Pricing Center, Vice President of the 
Business Process & IT Mgmt Dept, Vice President of 
the Strategy Cooperation Dept, Vice President of the 
Global Technical Sales Dept, President of the Global 
Technical Service Dept, and President of the Global 
Procurement Qualification Mgmt Dept. Currently, Mr. 
Yao serves as a member of the Board, Chief Supply 
Chain Officer, and Director of the Group Procurement 
Management Committee.
Born in 1971, Mr. Tao graduated from Beijing 
University of Posts and Telecommunications. Mr. Tao 
joined Huawei in 1996 and has served as a product 
development engineer, Deputy General Manager of the 
Market Technology Section, Executive Deputy Director 
of the International Technical Sales Dept, Executive 
Vice President and President of the Sub-Sahara Region, 
President of the Global Technical Sales & Marketing 
Dept, President of Huawei Device, President of the 
West European Region, and President of the Quality, 
Business Process & IT Mgmt Dept.
Born in 1970, Mr. Yan holds a bachelor’s degree from 
Tsinghua University. Mr. Yan joined Huawei in 1997 
and has served as Vice President of the European 
Region, General Manager of the Japan Representative 
Office, President of the East Asia Region, and President 
of the Enterprise BG. Currently, Mr. Yan serves as 
a member of the Board and a member of the ICT 
Infrastructure Managing Board.

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2020 Annual Report
 
       
141
Executive Committee
The BOD has established the Executive Committee, 
which acts as the standing executive body of the 
BOD. Entrusted by the BOD, the Executive Committee 
examines and reflects on major issues within the 
company, decides on issues authorized by the BOD, 
and oversees their execution. In 2020, the Executive 
Committee held 18 meetings.
Members of the BOD Executive Committee include Mr. 
Guo Ping, Mr. Xu Zhijun, Mr. Hu Houkun, Ms. Meng 
Wanzhou, Mr. Ding Yun, Mr. Yu Chengdong, and Mr. 
Wang Tao.
Rotating chairs
The BOD and its Executive Committee are led by 
rotating chairs. During their terms, the rotating chairs 
serve as the foremost leader of the company. Rotating 
chairs’ terms last six months at a time. The rotation 
schedule is as follows:
■
Mr. Xu Zhijun: October 1, 2019 to March 31, 2020
April 1, 2021 to September 30, 2021
October 1, 2022 to March 31, 2023
■
Mr. Guo Ping:
October 1, 2018 to March 31, 2019
April 1, 2020 to September 30, 2020
October 1, 2021 to March 31, 2022
■
Mr. Hu Houkun: April 1, 2019 to September 30, 2019
October 1, 2020 to March 31, 2021
April 1, 2022 to September 30, 2022
Audit Committee
The Audit Committee (AC) operates under the BOD 
to oversee internal controls, including the internal 
control system, internal and external audits, corporate 
processes, legal compliance, and adherence to the 
BCGs.
The main responsibilities of the AC are to:
■
 
Approve the annual internal audit plan, and review 
its scope, required resources, and audit outputs.
■
 
Approve corporate policies for internal controls; 
approve the corporate development plan for 
internal controls and the plan’s key milestones; 
and regularly assess the company’s internal control 
status.
■
 
Evaluate the effectiveness of the ethics and 
compliance function, legal compliance, and 
adherence to corporate policies.
■
 
Approve the selection of the external auditor, notify 
the BOD of any proposed change to the external 
auditor for approval, approve related budgets, and 
evaluate the work of the external auditor.
■
 
Supervise the completeness, accuracy, and legal 
compliance of the company’s financial statements; 
and review compliance with and application of 
accounting policies as well as financial disclosures.
■
 
Approve internal control Key Performance 
Indicators (KPIs), and instruct Global Process 
Owners (GPOs) and business executives to report 
internal control results.
The AC generally holds monthly meetings and 
convenes special sessions as necessary. Business 
executives and various experts are invited to attend as 
non-voting participants.
The committee held 10 meetings in 2020. Focusing 
on topics such as anti-corruption, internal controls, 
external audit management, accounting monitoring, 
financial reporting management, and implementation 
of internal audit transformation, the AC has reviewed 
and approved the company’s annual plans for internal 
audit and internal controls, as well as anti-corruption 
plans and progress reports on high-risk businesses 
including the Consumer BG, Enterprise BG, and Carrier 
BG.
In addition, the committee Chairman and the 
external auditor discussed external audit plans and 
management improvement proposals.

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