Marbridge Daily

<- June 07, 2011 ->

Huawei Appoints Retired Local Officials to Australian Board

Dfdaily.com, 6/07/11

Chinese telecom equipment and terminal manufacturer Huawei has appointed three former Australian government officials to the local board of directors for its Australia subsidiary. According to China's Ministry of Commerce, this is Huawei's first overseas board of directors.

The board will include three former Australian government officials as independent directors, including former premier of Victoria state John Brumby, former foreign minister Alexander Downer, and retired Royal Australian Navy rear admiral John Lord. Lord will also serve as chairman. Huawei also plans to expand its Australian workforce from 400 to 600 employees.

Huawei described the move as part of its "localization" strategy. Huawei's Australia business achieved revenues of AUD 171 mln in 2010, up 29% YoY.

 
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