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Lenovo appoints new exec
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LENOVO Group Ltd yesterday appointed a former senior executive from China Mobile to lead its mobile business group, after the firm’s global smartphone sales tumbled 26 percent in the fourth quarter.
Lenovo, the world’s biggest personal-computer maker, aims for new growth engines like smartphones. But it faces challenges from domestic rivals like Huawei and Oppo.
Gary Yu, former China Mobile’s general manager in Zhejiang Province, was appointed Lenovo’s vice president to head its smartphone business.
The appointment reflects a “new beginning” for Lenovo’s smartphone business in 2017 as the company focuses on distribution and expands its offline sales channels, according to Lenovo.
In the fourth quarter, Lenovo’s global smartphone sales suffered a drop of 26 percent from a year earlier.
The company’s revenue fell 6 percent year on year in the quarter while its net profit plunged 67 percent to US$98 million.
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