Lenovo CEO Is Out; Chinese Execs ReturnBy
They were the Dream Team of China's drive to build its first truly global brand: Yang Yuanqing, the computer scientist from the Chinese countryside who at age 40 became chairman of Lenovo, and William Amelio, the American chief executive lured from Dell (DELL) to become CEO. The two joined forces in 2005 after Lenovo, the country's largest PC company, acquired the PC division of IBM (IBM). With Yang focusing on strategy and Amelio zeroing in on production, the pair had an ambitious goal of building on Lenovo's success in China to take on heavyweights Hewlett-Packard (HPQ) and Dell in markets worldwide.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- The Latest on the Political Turmoil in Zimbabwe
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Norway Oil Bosses Insist End Isn't Nigh After $35 Billion Shock
- Subways May Be the Latest Casualty of China's Crackdown on Debt
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’