ZTE appoints new CEO

Jamie McKane

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ZTE appoints new CEO

ZTE Corp. has appointed a 20-year veteran to lead the Chinese telecoms firm as the U.S. weighs an end to a seven-year ban.

Board members unanimously voted in Xu Ziyang, who was most recently in charge of the firm’s wireless-network products, to replace Zhao Xianming, according to a Hong Kong stock exchange filing.

[Bloomberg]
 
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