Lenovo CEO Is Out; Chinese Execs Return

New CEO of Lenovo Group Yang Yuanqing and former CEO William J. Amelio. MIKE CLARKE/AFP/Getty Images

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.

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