ME Newswire / Business Wire
SHENZHEN, China - Wednesday, January 1st 2014
ZTE
Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code:
000063.SZ), a publicly-listed global provider of telecommunications
equipment, network solutions and mobile devices, announced changes to
its organization that will focus the company on key strategic operations
and high-growth business opportunities.
In 2014, ZTE will
channel increased resources to grow its 3 pillar businesses: operators,
mobile devices and enterprise. At the same time, ZTE will step up
efforts to target three emerging market segments: metropolitan public IT
systems, new energy technology and mobile Internet.
ZTE Mobile
Devices will operate as an independent unit of the company, to be headed
by Mr. Zeng Xuezhong, Executive Vice President of ZTE. Mr. Zeng was
previously in charge of ZTE’s operations in China. Mr. He Shiyou,
Executive Vice President of ZTE and the former head of terminals, will
remain as an Executive Director of ZTE Corporation.
Mr. Pang
Shengqing, Senior Vice President of ZTE, has been appointed as head of
ZTE’s enterprise business. ZTE anticipates that rising demand for
cloud-computing, big data, Smart City and the Internet of Things will
help drive growth in the company’s enterprise business.
Mr. Zhao Xianming, Executive Vice President of ZTE, has been appointed Chief Technology Officer of ZTE.
In
ZTE’s business serving telecommunications operators, the company will
intensify its focus on key areas of higher profitability and strive for
increased efficiency by adopting a flattened management structure. ZTE
aims to be a market leader in 4G, and will pursue game-changing
breakthroughs in development of 4G equipment, 4G semiconductors and 4G
devices.
“In 2014, the company is excited about the opportunities
in enterprise and mobile devices, and the organizational changes will
strengthen our capabilities in these areas,” said Mr. Hou Weigui,
Chairman of ZTE Corporation. “Telecommunications and technology are
intensely competitive industries, and it is vital that we constantly
renew ourselves in order to excel.”
“It is important for the
company to become faster, more entrepreneurial, more youthful and more
focused,” said Mr. Shi Lirong, President of ZTE Corporation. “We need to
execute changes in our strategy, our organization and our culture in a
responsive and timely way.”
About ZTE
ZTE is a
publicly-listed global provider of telecommunications equipment and
network solutions with the most comprehensive product range covering
virtually every telecommunications sector, including wireless, access
& bearer, VAS, terminals and professional services. The company
delivers innovative, custom-made products and services to over 500
operators in more than 160 countries, helping them to meet the changing
needs of their customers while growing revenue. ZTE commits 10 per cent
of its annual revenue to research and development and has leadership
roles in several international bodies devoted to developing
telecommunications industry standards. ZTE is committed to corporate
social responsibility and is a member of the UN Global Compact. The
company is China’s only listed telecom manufacturer that is publicly
traded on both the Hong Kong and Shenzhen Stock Exchanges (H share stock
code: 0763.HK / A share stock code: 000063.SZ). For more information,
please visit www.zte.com.cn.
Contacts
ZTE Corporation
Margrete Ma, +86 755 26775207
ma.gaili@zte.com.cn
Edelman PR
Mark Lee / Andres Vejarano, +852 2837 4756 / 2837 4735
mark.lee@edelman.com / andres.vejarano@edelman.com
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