Following its acquisitions of Motorola’s smartphone business and IBM’s server business, PC giant Lenovo is realigning its business groups in order to drive growth.
As a result of the realignment, Lenovo's current chief operating officer (COO), Gianfranco Lanci, has been named corporate president of Lenovo, effective April 1. Lanci will have responsibility for the Enterprise Business Group as well as the PC Business Group. He will be responsible for the global end-to-end performance and business management systems in these areas and will retain the position of COO.
Lenovo has also appointed Gerry Smith to executive vice president and COO of the PC and Enterprise Business Group. Smith will report to Lanci and be responsible for generating profitability for two of Lenovo’s core groups that account for more than 80 percent of total revenue for the Beijing-based firm.
Lenovo said the moves to promote Lanci and Smith are a result of the acquisition of handset vendor Motorola Mobility and the Systems X server business of IBM. Lenovo said it also wanted to realign its businesses after rising to become the No. 1 global PC manufacturer with a market share of about 20 percent.
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