LENOVO Appoints Yahoo! Co-Founder Jerry Yang to Board
OREANDA-NEWS. Lenovo announced the appointment of seasoned entrepreneur-investor, technology visionary, founder and former CEO of Yahoo!, Jerry Yang, as an independent non-executive director of the Company, effective today. With the appointment, Mr. Yang ceases to act as Board Observer of the Company.
"Jerry has made great contributions since becoming a board observer, and we are honored that now he will be a full member of our Board of Directors," said Yuanqing Yang, Chairman and CEO, Lenovo Group. "Jerry's proven track record as an entrepreneur, his unique global perspective, and his pioneering spirit as one of the great innovators of the Internet era are all qualities that we value at Lenovo. Jerry will remain an important voice in our boardroom as we continue to build Lenovo into a diverse, well respected global technology leader."
Yang's appointment to Lenovo's truly global board - with directors hailing from the U.S., China, the United Kingdom, Japan, and Hong Kong - comes at a time when Lenovo's business is increasingly global and diversified. Today, Lenovo holds the following market positions: #1 in PCs, with record share of nearly 20 percent; #3 in smartphones, with its just completed Motorola Mobility acquisition from Google; #3 in tablets with 4.9 percent market share; #1 in PC+Tablet; and #3 in x86 servers, with its just completed System x acquisition from IBM. Lenovo is now well positioned for the future, with three new growth engines: Enterprise, Mobile and Ecosystem/Cloud, all underpinned by a strong and growing PC business.
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