Huawei Technologies executive Meng Wanzhou is flying back to China, after reaching a deal on Friday with prosecutors in New York that effectively resolves a US fraud case that had kept her in legal limbo in Vancouver for nearly three years
Michael Kovrig & Michael Spavor are en route to Canada, PM Trudeau tells reporters at a news conference in Ottawa. The announcement comes hours after the U.S.’s resolution of criminal charges against Meng Wanzhou and the dropping of her extradition case in Canada
Ms. Meng Wanzhou (Sabrina Meng)
Deputy Chairwoman, CFO
Ms. Meng holds a master’s degree from Huazhong University of Science and Technology. Ms. Meng joined Huawei in 1993 and has held the positions of Director of the International Accounting Dept, CFO of Huawei Hong Kong, and President of the Accounting Mgmt Dept. Ms. Meng now serves as CFO of Huawei and Deputy Chairwoman of the Board.
In 2003, Ms. Meng established Huawei’s globally unified finance organization, and developed the standardized and unified organizational structure, financial processes, financial systems, and IT platforms.
Since 2005, Ms. Meng has led the founding of five shared service centers around the world, and she also promoted the completion of the Global Payment Center in Shenzhen, China. These centers have boosted Huawei’s accounting efficiency and monitoring quality, providing accounting services to sustain the company’s rapid overseas expansion.
Since 2007, Ms. Meng has been in charge of the Integrated Financial Services (IFS) Transformation Program, an eight-year partnership between Huawei and IBM. This transformation program helped Huawei develop its data systems and rules for resource allocation, operating efficiency improvement, process optimization, and internal controls. IFS also took Huawei’s financial management to a new level, creating new DNA for the company’s sustainable growth.
In recent years, Ms. Meng has focused on advancing fine-grained and comprehensive financial management at Huawei, working to align these efforts with the company’s long-term development plan. Ms. Meng has continually worked to improve treasury risk and tax compliance management systems, and has helped to make financial operations within the company more efficient, agile, and intelligent.