ZTE Corporation, a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, has announced changes in its organization that will focus the company on key strategic operations and high-growth business opportunities.
In 2014, the company 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 Zeng Xuezhong, executive VP, ZTE. Zeng was previously in charge of ZTE's operations in China. He Shiyou, executive VP, ZTE and the former head of terminals, will remain as the executive director of ZTE Corporation.
Pang Shengqing, senior VP, ZTE, has been appointed as head of ZTE's enterprise business. Zhao Xianming, executive VP, has been appointed chief technology officer of the organization.
"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 Hou Weigui, chairman, 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 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."