Wednesday, December 21, 2005

WSJ.com - Lenovo Replaces Its Chief Executive With Dell Official

WSJ.com - Lenovo Replaces Its Chief Executive With Dell Official: "Lenovo Group Ltd. replaced its chief executive, Steve Ward, with a top Dell Inc. executive eight months after the Chinese personal-computer maker completed its purchase of International Business Machines Corp.'s PC business.
Mr. Ward, a longtime IBM worker, ran the PC unit and stayed with it under the new ownership. His departure came at a time when Lenovo was showing signs of improving the IBM unit's lackluster performance.
But Chairman Yang Yuanqing said the company needed a different leader for its 'next phase of growth,' turning to Bill Amelio, a Singapore-based Dell executive in charge of the Asia-Pacific region. Mr. Amelio has been overseas for five years, and he spent 18 years with IBM."
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