Ren Zhengfei: Founder and CEO of Huawei Technologies

26-10-2017 My Mobile

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Ren Zhengfei: Founder and CEO of Huawei Technologies

With annual revenue in excess of USD 75 billion, the Shenzhen headquartered Huawei Technologies Co Ltd is today world’s largest telecommunication equipment manufacturer, having overtaken Ericsson in 2012. It is also world’s third largest smartphone maker by Shipment. The Corporation was founded in 1987 by Ren Zhengfei, a former engineer with Chinese army. Mr Zhengfei continues to lead the giant corporation to newer heights even today. Here are some core and some not so known facts about the legendary entrepreneur.

  • Born on October 25, 1944 into a rural family where both parents were school teachers, Ren Zhengfei spent his primary and middle school years in a remote mountainous town in Guizhou Province.
  • In 1963, he studied at the Chongqing Institute of Civil Engineering and Architecture. After graduation, he was employed in the civil engineering industry until 1974 when he joined the military’s Engineering Corps as a soldier tasked to establish the Liao Yang Chemical Fiber Factory.
  • Subsequently, Ren had taken positions as a Technician, an Engineer, and was lastly promoted as a Deputy Director, which was a professional role equivalent to a Deputy Regimental Chief.
  • Because of his outstanding performance, Ren was invited to attend the National Science Conference in 1978 and the 12th National Congress of the Communist Party of China in 1982.
  • Ren retired from the army in 1983 when the Chinese government disbanded the entire Engineering Corps. He then worked in the logistics service base of the Shenzhen South Sea Oil Corporation.
  • As he was dissatisfied with his job, he decided to establish Huawei with a capital of Chinese Yuan 21,000 in 1987. He became the CEO of Huawei in 1988 and has held the title ever since.
  • Hurun Report listed Ren as the 556th richest person in China in 2013 with private assets of approximately USD590 million.
  • Time Magazine included Ren Zhengfei in its list of 100 most influential people of 2005.
  • Ren holds just 1.42% of the shares of Huawei as most of the share are held by employees, but retains a firm grip on the company due to his contribution and vision.

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