Huawei Technologies Co. appointed Richard Yu, the outspoken leader of its consumer electronics business, CEO of its smart car solutions unit, signaling the importance it places on future auto tech.
Yu, who was already director for car components, is expanding his responsibilities in Huawei’s auto business while also departing a position he only recently gained as CEO of its cloud group. Zhang Pingan, an established cloud division executive, will take over that role, according to an internal memo that Bloomberg News has reviewed.
Huawei’s consumer tech unit was the company’s growth engine before U.S. sanctions hamstrung its ability to procure key components and effectively sidelined its smartphone business. Yu, 51, will not be relinquishing his responsibilities leading that division, however his focus going forward will likely be on recreating its success with the company’s smart car initiatives.
A Huawei spokesman declined to comment.
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