The world's top selling PC company Lenovo will split into four distinct business groups and reshuffle its executive team as part of a major restructure.
The organisational shake-up comes just a week after the company paid $2.3 billion for IBM's server business — the largest acquisition in the company's history.
As of April the company will be broken into a PC business group, a mobile business group, an enterprise group and an ecosystem and Cloud services group.
The PC business will be led by Gianfranco Lanci, who currently leads Lenovo EMEA, while Liu Jun, currently leads the Lenovo Business Group (consumer and mobile products) the mobile business will head the new mobile group.
Gerry Smith will take the reins of the enterprise unit, while George He, who currently serves as CTO, will take over ecosystem and Cloud services.
The structure replaces the company's current design, which has two business groups (Lenovo Business Group including consumer PC and mobile, and Think Business Group consisting of commercial PCs and enterprise). According to a company statement, geographic sales organizations remain largely the same, with Lanci leading EMEA, Smith leading the Americas, and Chen Xudong (senior vice president, Lenovo, and president, Lenovo China) leading China.
The Asia Pacific region will be divided with the Mature Markets (including Japan and ANZ) reporting to Lanci and Emerging Markets (the remainder of the geography)reporting to Chen Xudong. Peter Hortensius, currently head of Lenovo's Think Business Group (Think branded commercial products) is the new of Research and Technology and Chief Technology Officer. As part of this announcement, Liu Jun and Gerry Smith are promoted from Senior Vice President to Executive Vice President.
CFO Wong Wai Ming is also promoted to Executive Vice President.
And Gianfranco Lanci is promoted to Executive Vice President and Chief Operating Officer. He will assume additional responsibilities for Integrated Operations, Alliances and managing our regular business reviews and processes.
Lenovo chief executive, Yang Yuanqing said it was one of the most exciting phases in the history of the company. "We are the number 1 PC company in the world," he said.
"We are number three in Smart Connected Devices (PC, tablet, smartphone).
"And we just announced the intent to make an acquisition that will make us a significant competitor in the enterprise space. "Given that momentum, now is the perfect time to prepare for the next phase in our growth.
He said it was necessary to build new businesses and new pillars for the company.
"We will leverage our strength and competitive advantage in our traditional PC business, while also creating strong, profitable new businesses that can capture the growth opportunities in the market. "The new structure will help us be even faster, more focused and more efficient in providing innovative products and services to an incredibly diverse global market with a wide range of technology needs.
"We know we must anticipate the next set of opportunities for our company, and we are preparing our organization for the future.
"This way Lenovo can not only continue as the world PC leader, but become a true leader in the PC+ era."
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