Dahua CEO / Founder Suddenly Resigns

By: IPVM Team, Published on May 04, 2017

Fu Liquan, the Founder and CEO of Dahua, has suddenly resigned. While there is still no official press announcement or general news release from Dahua, IPVM has verified this in an official Chinese document.

Inside this note, we examine what is happening, who the new CEO is and what this means for the mega Chinese manufacturer.

Resignation Announcement

The official Chinese stock / government document (in Chinese) [link no longer available] says that Fu, as of May 3rd, has resigned as President / CEO for 'personal reasons'. The document says Fu will remain as chairman of the board.

Replacement Unknown

In Fu's place, the company appointed Li Ke, who has not been previously listed as having any executive role in the company nor has anyone close to Dahua been able to explain what his background is.

Update: another China filing says Li Ke has worked his entire 21 year career at Huawei, most notably President of South America at the mega Chinese technology manufacturer.

Sudden Move

Dahua USA employees, from our queries, were not informed that the CEO and founder had been replaced. Likewise, OEM partners were surprised.

Get Notified of Video Surveillance Breaking News
Get Notified of Video Surveillance Breaking News

Moreover, the announcement gives no indication of any transition period. Fu is out already and the unknown Ke is in.

New CEO To Focus On Growth

According to sources close to the company, Fu's resignation is the result of Dahua growing rapidly, bringing in an executive who can maximize that growth. While it is not uncommon for corporate leadership to change as companies grow, those changes are typically planned in advance, and executed systematically to avoid the perception that the company is struggling or reacting suddenly. Moreover, it was growth related, the official document's stating of 'personal' reasons does not make sense.

Fu Happy At ISC West

Dahua's now former CEO Fu was at ISC West, even on the show floor, seemingly happy and energetic, showing no signs of being weeks away from a resignation.

Outlook For Dahua

The manner in which this change was made, and communicated, does not instill confidence in Dahua's leadership or strategy. At the same time, Dahua has made a series of moves that showed a lack of clear market strategy (e.g.: Dahua Fakes Being American, Dahua Admits Failed Channel Strategy, Dahua Declares Defeat, 'Embraces' Enemies, Dahua Says They Are Botnet Attack 'Victims'), so this is not totally out of character for them. To Dahua's credit, they brought in a new marketing head in the US, recognizing their previous approach was not working, and this CEO change, while sudden and clumsy, could be an indication that Dahua is serious about competing with Hikvision with a more strategic approach. Or not. It is Dahua.

Vote / Poll

8 reports cite this report:

Dahua CEO Is Out on Feb 28, 2020
Dahua CEO Li Ke has resigned less than 3 years after he was brought in from...
Dahua China Significant Job Cuts on Jan 28, 2019
Dahua China has cut a significant number of jobs in the past few months,...
Dahua Overseas Head Is Out on Jul 27, 2018
The long-time head of Dahua's overseas (i.e., International) business, VP and...
The 2018 Surveillance Industry Guide on Jan 16, 2018
The 300 page, 2018 Video Surveillance Industry Guide, covering the key events...
The Race To The Bottom Is Over on Nov 28, 2017
The race to the bottom in video surveillance is over. After 3 years of...
Dahua Launches Electric Cars on Nov 13, 2017
Embattled mega video surveillance manufacturer Dahua is now electric car...
Dahua Founder Sells $122 Millon Dahua Stock on May 15, 2017
Just a week after his sudden resignation as CEO, Dahua's Founder sold off...
Dahua CEO Silence Signals Danger on May 09, 2017
Dahua partners and employees, after this, you have no more excuses about not...
Comments (37) : Members only. Login. or Join.

Related Reports

Dahua CEO Is Out on Feb 28, 2020
Dahua CEO Li Ke has resigned less than 3 years after he was brought in from...
Milestone CEO Resigns on Mar 11, 2020
Milestone's CEO has resigned, after 17 years on the job but there is no...
Hanwha Removes ISC West Coronavirus Waiver on Mar 02, 2020
Hanwha Techwin has removed a waiver that would have put any liability for...
Genetec Drops Support for Dahua and Hikvision on Jun 01, 2020
Genetec has dropped support for Dahua and Hikvision, citing US blacklisting...
Hikvision CEO And Vice-Chair Receive Warning, Government Investigation Concluded on Mar 16, 2020
The China Securities Regulatory Commission (CSRC) has concluded their...
FLIR Suspends Agreement With Feevr on May 07, 2020
Thermal manufacturer FLIR has suspended its agreement with Feevr (aka...
IC Realtime Moving Away From China Manufacturing on Jul 23, 2020
IC Realtime is promising "real change". The company historically has sold...
ISC West 2020 Removes China Pavilion, No Plans To Cancel Or Postpone on Feb 17, 2020
ISC West plans to go on next month, amidst concerns over coronavirus....
Axis Discontinues Companion Hardware, Fully NDAA Compliant on Feb 03, 2020
Axis will be fully NDAA compliant, as the company has confirmed to IPVM it is...
"Beyond Reprehensible" Email Leads To Boycott of CPI Security on Jun 10, 2020
One of the largest US security integrators, CPI Security, with $100+ million...
"He Is An Idiot!" Exclaims SIA Director John Mack on Mar 23, 2020
Here is another inside look into the "leaders" of the security industry. SIA...
UK ICO Approves Unconsented Facial Recognition At Security Conferences on Feb 05, 2020
The UK's data protection agency has declined IPVM's GDPR complaint against...
NetPosa's Terrible Situation Worsens on May 19, 2020
NetPosa is fighting for its existence as the situation worsens for what was...
Ban Rules Released: Use Dahua or Hikvision, No US Government Contracts on Jul 13, 2020
The US government has released the rules implementing the "Prohibition on...
Hikvision And Dahua Now Blocked From Conforming ONVIF Products on Apr 03, 2020
Dahua and Hikvision, sanctioned for human rights abuses, are now blocked from...

Recent Reports

Google Invests in ADT, ADT Stock Soars on Aug 03, 2020
Google has announced a $450 million investment in the Florida-based security...
US Startup Fever Inspect Examined on Aug 03, 2020
Undoubtedly late to fever cameras, this US company, Fever Inspect, led by a...
Motorola Solutions Acquires Pelco on Aug 03, 2020
Motorola Solutions has acquired Pelco, pledging to bring blue back and make...
False: Verkada: "If You Want To Remote View Your Cameras You Need To Punch Holes In Your Firewall" on Jul 31, 2020
Verkada falsely declared to “3,000+ customers”, “300 school districts”, and...
US GSA Explains NDAA 889 Part B Blacklisting on Jul 31, 2020
With the 'Blacklist Clause' going into effect August 13 that bans the US...
Access Control Online Show July 2020 - On-Demand Recording of 45+ Manufacturers Presentations on Jul 30, 2020
The show featured 48 Access Control presentations, all now recorded and...
Face Detection Shootout - Dahua, Hanwha, Hikvision, Uniview, Vivotek on Jul 30, 2020
Face detection analytics are available from a number of manufactures...
Sunell is The First China Manufacturer to Market NDAA Compliance on Jul 30, 2020
Most China manufacturers are going to be impacted by the NDAA 'Blacklist...
Ink Labs Relabels China YCX Fever Camera And Steals Dahua's Marketing on Jul 30, 2020
A US company marketed a 'thermal temperature scanner' as its own, selling...
Genetec and Dahua-Backed Intelbras Split Examined on Jul 29, 2020
China is the cause of the breakup between Canada's and Brazil's largest video...
This YouTuber is Now Selling ThermoHealth Temperature Screening on Jul 29, 2020
An enterprising 20-year old is mass marketing medical devices on Facebook and...
Hikvision Returns To Growth Driven By Overseas Fever Cameras on Jul 29, 2020
While Hikvision's revenue fell in Q1 2020, it rebounded in Q2 attributed to...
Brazil's Biggest Domestic Surveillance Company Intelbras Profile on Jul 29, 2020
While Intelbras is not widely known outside of Latin America, Intelbras is a...
The Kiosk Market Pivots To Temperature Screening (Interviewed) on Jul 28, 2020
Video surveillance is not the only market that has pivoted to medical device...
Integrator Acquisitions 'A Good Market' During COVID-19, Says Greybeards on Jul 28, 2020
Industry broker Ron Davis of the "Greybeards" says that the integrator and...