Lenovo CEO steps down

**MIG-31** · Feb 5, 2009, 03:26 PM

Lenovo President and CEO William Amelio resigned Thursday after the Chinese PC maker reported a nearly $97 million loss for its fiscal third quarter.

Yang Yuanqing has relinquished his role as chairman to replace Amelio as CEO, effective Thursday, the company said in a statement filed with Hong Kong Exchanges and Clearing. Yang will remain as an executive director and had served as the company's CEO until April 2005 when he was appointed board chairman.
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Source: C|Net

Feb 5, 2009, 03:26 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 56,854 Rep Power: 471 System Specs	Lenovo CEO steps down Lenovo President and CEO William Amelio resigned Thursday after the Chinese PC maker reported a nearly $97 million loss for its fiscal third quarter. Yang Yuanqing has relinquished his role as chairman to replace Amelio as CEO, effective Thursday, the company said in a statement filed with Hong Kong Exchanges and Clearing. Yang will remain as an executive director and had served as the company's CEO until April 2005 when he was appointed board chairman. ___________ Source: C\|Net __________________ Please Post Your News Submissions Here