George Zhao stepped down as CEO of Honor final week, resulting in additional modifications on the smartphone firm’s govt degree. A latest report revealed that the worldwide advertising and marketing chief, the chief advertising and marketing officer for China, and the gross sales chief for China have all left the corporate.
An organization consultant commented that “this can be a regular adjustment by regional managers.”
Guo Rui, beforehand CMO for abroad operations, will now assume the place of CMO for the home market. He’ll substitute Jiang Herong, who’s reportedly leaving the corporate. Moreover, Zheng Shubao, gross sales chief, is stepping down and will probably be changed by Chen Haoqian, former head of East China operations.
Honor is reportedly gearing up for an IPO, but the corporate might face an unfavorable market state of affairs. Reviews point out that shipments to 2024 have declined year-on-year, and progress within the foldable section stalled final 12 months.
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