China-based telecommunications hardware company ZTE had to deal a string of setbacks in the past few months. The biggest blow came from the ban by the US although an agreement was reached to have it temporarily lifted. The agreement however entailed that some top ZTE executives resign, and in compliance CEO Cheng Lixin submitted his official resignation. Xu Ziyang has been named its next CEO.
Cheng Lixin had joined ZTE on 18 May 2010, and served as president of ZTE North America and CEO of ZTE USA until April 2017 before taking up the position of CEO for ZTE. During his stint he had brought the company to great heights becoming the fifth biggest smartphone maker. The achievement had earned him the new position he held until his resignation.
Source: My News Driver
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