ZTE has appointed a new team of top executives including a CEO to comply with a deal it made with the US to end a ban on US firms supplying parts to China’s second-biggest telecommunications equipment maker.

ZTE, in an exchange filing Thursday, named a former head of its Germany business, Xu Ziyang, as its new chief executive.

Wang Xiyu, Gu Junying and Li Ying have been named executive vice presidents, the filing showed. Li Ying is also appointed as chief financial officer.

ZTE had promised to overhaul its management within 30 days of agreeing to a $1.4 billion settlement with US authorities in June, aimed at lifting a seven-year supplier ban. It received a reprieve from the ban earlier this week to continue existing business from July 2 to Aug. 1.

ZTE, which relies on US suppliers for core components, had to cease major operations in April after authorities imposed the ban, saying the firm broke an agreement to discipline executives who conspired to evade US sanctions on Iran and North Korea.

As part of the settlement, ZTE agreed to pay a $1 billion fine, put $400 million in escrow, and hire a US-appointed compliance monitor. It also agreed to replace its board, remove all members of its leadership at or above senior vice president level along with any executives associated with the wrongdoing, and punish responsible executives.

The new management appointments come after ZTE last week elected a new board led by 54-year-old Li Zixue as chairman to replace a 14-person board led by Yin Yimin.