Ren Zhengfei (Chinese: 任正非; pinyin: Rén Zhèngfēi; b. 1944 in Zhenning County, Guizhou, China) is a Chinese businessman. He is the founder and president of Huawei Technologies Co. Ltd., headquartered in Shenzhen, Guangdong, and an ex-People's Liberation Army officer. As of October 2017, he has a net worth of US$2.8 billion.
Ren in 2014
25 October 1944 |
Zhenning County, Anshun, Guizhou, China
|Known for||Founder and president of Huawei Technologies Co., Ltd.|
|Children||Cathy Meng (Huawei's CFO)|
Ren's grandfather was from Jiangsu province and was a master chef who was an expert in curing ham in neighbouring Zhejiang province. His father, Ren Moxun (Chinese: 任摩逊; pinyin: Rén Móxùn), failed to complete university studies when his[clarification needed] grandfather died a year prior to his graduation.
During the Japanese occupation, his father migrated south to Guangzhou to work in a Kuomintang government arms factory as an accounts clerk. After 1949, his father was appointed as the president of No. 1 Middle School of Duyun (Chinese: 都匀一中) where he met Ren Zhengfei's mother; the elder Ren became a member of the Communist Party in 1958. His mother was a senior teacher at the No. 1 Middle School of Duyun.
After completing secondary school, Ren Zhengfei attended the Chongqing University in the 1960s, and then joined the People's Liberation Army (PLA) research institute to work as a military technologist reportedly in the PLA's Information Technology research unit. During his time in the PLA, Ren did not hold military rank. He was excluded from joining the Communist Party of China for most of his career in the military, due to his parents' social background and their ties to the Kuomintang. During this time, Ren was responsible for a number of technology achievements that were recognized at various levels. For this reason, Ren was selected as a delegate from PLA to attend the National Science Conference in 1978. In 1982, Ren retired from the army due to a large PLA workforce reduction which impacted 500,000 active duty personnel. In 1983, after becoming a civilian Ren moved to Shenzhen and worked in the electronics business.
He now serves as a deputy chairman of the Board of Directors, but he is not among the current three rotating CEOs. The company had an annual revenue of 34 billion USD with 10% going into research & development, and over 144,000 employees as of January 2013.
Ren holds 1.42% of the shares of Huawei, valued at US$450 million in 2010. Huawei is essentially independent of Ren because it is held by most of its employees, but the ownership structure remains opaque.
Communist Party and military tiesEdit
Ren retired from the People's Liberation Army as a civilian employee of a rank equivalent to a major in 1982. He joined the Communist Party of China in 1978. As a representative of private entrepreneurs, he was elected member of the 12th National Congress of the Communist Party of China. Among his other accomplishments, Ren is responsible for developing cooperative programs with businesses in China’s interior regions. Ren's ex-wife was the daughter of a Communist politician who served at one time as deputy Governor of Sichuan Province.
Ren's ties with the Chinese military and Communist Party have being cited by Indian government as a security concern in not allowing Huawei to win certain contracts in India. These fears are shared by other countries. In the United States it led to the collapse of Huawei's efforts to buy 3Com and forced SoftBank to greatly sever ties[clarification needed] in order to have its takeover of Sprint Nextel acquire US national-security clearance while in the United Kingdom the Intelligence and Security Committee has recommended the removal of Huawei's equipment due to spying fears.
- "Ren Zhengfei". Forbes.
- "Ren Zhengfei". Businessweek. Retrieved 15 April 2013.
- http://www.huawei.com/en/about-huawei/corporate-governance/rotating-ceos. Missing or empty
- "Ren Zhengfei, founder and chairman, Huawei". Telecoms.com. Retrieved 27 March 2013.
- "Ren Zhengfei Modeled After Mao". Matthew Forney. Forbes Magazine. 18 April 2005.
- Analysis - Who really owns Huawei
- Although Huawei has repeatedly denied it, the company has often been subject to rumours about its alleged close links to the Chinese government and military - see for example The Economist, or Cellular News.
- "Huawei Loser in SoftBank-Sprint Deal Over Alleged Spying". Bloomberg. 30 May 2013. Retrieved 4 July 2013.
- "Like U.S. lawmakers, Brits raise spying fears over Huawei gear". c net. 6 June 2013. Retrieved 4 July 2013.