China's ZTE names new top executives in step towards U.S. ban lifting

July 6, 2018 1:05 AM

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HONG KONG (Reuters) - ZTE Corp (0763.HK) (000063.SZ) has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on U.S. firms supplying parts to China’s second-biggest telecommunications equipment maker.

ZTE, in a statement to the stock exchange on Thursday, named a former head of its Germany business, Xu Ziyang, as its new chief executive.

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