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Amid crackdown, Vivo looks to 'restructure' top deck
The Morning Standard
|March 21, 2023
Chinese smartphone maker to have Indian nationals at top management to escape regulatory scrutiny, according to sources
Under the lens of the country's investigating agencies, Chinese mobile manufacturer Vivo is looking to shed the taint by restructuring the top management, sources in the know told this newspaper. The main objective of the restructuring process is to get rid of Chinese nationals at the top.
Current chief executive officer Jerome Chen, say sources, may make way for Harinder Dahiya, who is the chief financial officer of the company. The company is also likely to 'reward' an ex-director of Vivo, Hemant Munjal who has been at the centre of Enforcement Directorate's Vivo money laundering investigation, with a cushy position in the company.
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