SHENZHEN, China – 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 organisation that will focus the company on key strategic operations and high-growth business opportunities.
In 2014, ZTE will channel increased resources to grow its three 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 Cities 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.
“The company is excited about the opportunities in enterprise and mobile devices in 2014, and the organisational 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 organisation and our culture in a responsive and timely way.”
ZTE Corp. (Shenzhen: 000063; Hong Kong: 0763)