Lenovo's American CEO steps down, Chinese leadership returns
By Thomas Ricker 
posted February 5th 2009 4:53AM
posted February 5th 2009 4:53AM
After leaving Dell to become chief executive of Lenovo, Bill Amelio is stepping down from his post as CEO. Amelio joined Lenovo to help with the integration of IBM's PC business. The so-called "amicable" departure comes with the announcement of a quarterly loss three-times higher than expected. The US executive has been replaced by Lenovo's Chairman Yang Yuanqing who will continue to live and work from Lenovo's North Carolina office -- Yang's board leadership duties will now be assumed by Lenovo's co-founder, Liu Chuanzhi. That puts Lenovo back into the hands of executive Chinese leadership as it attempts to recapture ground given up to HP and Acer in corporate sales. And with IT budgets slashed in a bid to keep corporations afloat, the executive changes are meant to accelerate Lenovo's strategy to dominate China's PC market, grow its business into emerging markets (specifically India and Russia), and expand upon its burgeoning sales to individual consumers. Seems like a reasonable move to us.[Via Bloomberg]
What exactly are IT bugdets, anyway?
No budgdet for spell-checker.
I thought Lenovo had Chinese leadership all along..
Well at least they learned not to have an American as a leader. It hardly ever works.
[/joke]
i will never buy anything from lenovo again. their customer service is crap: not even a "manager" has the authority to do anything--when you finally get one to call you back after a week. i can't see this move doing anything but solidifying the "like it or lump it" attitude they have.
How do you come to that conclusion?
Totally agree!! My medical school bought lenovo computers for my class and about 118 (out of 120) had/have problems til this day. When we asked for a refund early on, they blamed it on software problems and we gave them a month to sort it out (that's the time they said it would take for them to figure out the problem). Then after a couple of months, it still crashed constantly, which they blamed on other crap. Lenovo is a piece of crap and you can't expect a decent product from a crap company.
P.S. if you have a working piece from lenovo....consider yourself lucky. You are one of the very few.
Apparently I'm the only one alarmed at seeing "Chairman Yang"
CHINA WILL GROW