Some people say the world moves too fast in the 21st century. Chinese mobile device manufacturer Huawei appears to be taking that observation extremely literally. The company will now rotate CEOs every six months, in an effort to keep the company nimble and adapt faster to changes in the market. Currently, Eric Xu will be function as the CEO from 1 October 2013 until 31 March 2014.
Not that they will be firing a CEO after every term. Instead, there are three executives who will each take turns shouldering the burden of running the company. They will apparently still hold a decent amount of power when not acting as CEO too.
It’s an interesting plan, and could possibly work in a world where a shiny new toy appears every six months anyway. But one does wonder if a stable of rotating executives will be able to implement or complete long term plans. Huawei will be an interesting company to watch over the next few years, if only because the power sharing structure they have going on.