Huawei Appoints CFO Meng Wanzhou as Rotating Chairman

What’s new: Chinese tech giant Huawei Technologies Co. Ltd. has appointed Chief Financial Officer Meng Wanzhou as one of three rotating chairmen, according to the company website on Friday.

The same day another rotating chairman, Ken Hu, began his six-month tenure, serving in the company’s top leadership position.

The context: Meng is the elder daughter of Huawei founder Ren Zhengfei and only returned to China six months ago after being freed from almost three years of house arrest in Canada’s Vancouver, where she was being held as she battled extradition to the U.S. on fraud charges.