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TMCNet:  Lenovo Group conducts structural adjustments, dividing business into 2 blocks

[January 05, 2013]

Lenovo Group conducts structural adjustments, dividing business into 2 blocks

BEIJING, Jan 05, 2013 (Xinhua via COMTEX) -- The Lenovo Group (00992.HK; LNVGY.PK), China's biggest PC maker, announced within the company to carry out structural adjustments, and would divide its businesses into two business groups, the Lenovo business group and the Think business group, according to a report by the tech.sina.com.cn.


The report said that the Lenovo business group would cover Lenovo's computer and mobile internet and digital home (MIDH) businesses, and the Think business group would cover the Think brand products and corporate upgrade businesses.

After the adjustments, Li Jun, original director of MIDH business would be in charge of the Lenovo business group, and Lenovo's world product department president Peter Hortensius would be in charge of the Think group business, said the report.

Yang Yuanqing, chief executive officer of Lenovo Group, said that the adjustments were to serve management of different businesses and improve brand advantages. (Edited by Hou Yujie, houyj@xinhua.org)

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