Smartphone giant Honor names Huawei veteran to lead firm as CEO George Zhao Ming resigns
Honor’s leadership shuffle could add some degree of uncertainty to the company’s preparations for an initial public offering
In an announcement on Friday, Honor’s board of directors acknowledged Zhao’s “outstanding contributions to the company during his tenure” and expected his successor Li to “continue to deliver innovative products and experiences to consumers around the world”.
“Over the past decade, Honor has been everything in my life,” wrote Zhao, who became head of Honor in 2015, when it was still the budget smartphone arm of Huawei. “From the V40 model onwards, new Honor [post spin-off] went through lows … and also surged ahead in both the Chinese and overseas markets.”
Still, he pointed out that the long hours and intense work had taken a toll on his health. He added that he is keen to recover, read and spend more time with his family.