Chairman and CEO of Lenovo, Yang Yuanqing announced on Friday that a broad reorganization of the company’s business groups and executives is to take effect at the beginning of April, reported Tencent Tech.
The PC giant will be restructured into four main groups: personal computer and smart devices group (PC & SD), mobile business group (MBG), data center group (DCG) and Lenovo capital investment group (LCIG).
Speaking on mobile business, Yang said, “We have to win the Chinese market, accelerate the growth in emerging markets and make breakthroughs in mature markets.”
The company will make managerial personnel adjustments in the MBG, in Yang’s words, “to strengthen the leading team of MBG and to flow more effectively.” He appointed Chen Xudong and Aymar de Lencquesaing co-presidents of this group, taking charge of the domestic and overseas markets respectively.
Another major change is the setup of the PC & SD group, which is basically adding the tablet business and VR/AR department to the former PC Group. This new group will include businesses from PCs, tablets and smart TVs, to smart home products.
Additionally, Motorola President Rick Osterloh, who led the Motorola team through last year’s acquisition, is leaving Lenovo.
(Top photo of Yang Yuanqing, CEO of Lenovo, from 52ij.com)
