Lenovo Names Dell Executive New CEO
"Chinese computer maker Lenovo Group Ltd. said Wednesday it has named former Dell Inc. executive William J. Amelio as its new chief executive and president. Amelio, 48, replaces outgoing head Steve Ward, a transition figure after Lenovo's takeover of IBM's personal computing business last May.
Amelio's appointment marks a turning point for the world's No. 3 computer manufacturer after its IBM acquisition -- the biggest foreign takeover by a Chinese company, said Yang Yuanqing, chairman of Lenovo Group Ltd.
"With our integration of IBM's PC division on track and our organizational integration complete, we are accelerating our planning for our next phase of growth," Yang said in a statement issued in Hong Kong, where the company is listed."