Lenovo today confirmed that Gianfranco Lanci, former CEO of Acer, is joining the company as a consultant to help develop and accelerate Lenovo's worldwide consumer business. He will have a particular focus on Lenovo's integration of Medion, a leading German technology company acquired in July by Lenovo to significantly enhance its consumer presence, channels and capabilities in Western Europe. Mr. Lanci will work closely with Yuanqing Yang, Lenovo CEO, and the rest of Lenovo's senior leadership team. He will be based in Italy. Mr. Lanci is bringing his expertise to the world's third largest PC maker during a period of rapid growth and sustained success. Lenovo has been the fastest growing major PC manufacturer for seven straight quarters. The company recently announced its first quarter earnings, including record global market share (12.2%), record quarterly unit sales (more than 10 million units) and gains in virtually every region and product segment, while almost doubling profits year-to-year. The following statement is attributable to Lenovo CEO Yuanqing Yang: "Lenovo is fully committed to the PC industry. We are very optimistic about its future, while making significant long-term investments in the mobile internet. Because of this, exceptional people like Gianfranco are joining Lenovo. We have the right strategy, innovative products, strong culture, and a talented team. These key elements of our core competitiveness will help us to continue winning. Therefore, Lenovo is the best working place for talented people." "As a consultant to us, Gianfranco brings years of expertise and insights to Lenovo that will help us strengthen our growing global consumer business. Talented people are joining Lenovo because of our commitment to the PC industry, outstanding momentum and optimism about the future. We will continue to strengthen our company by building the best global team in the industry." Lenovo's Momentum By advancing the right strategy of balanced, profitable growth and strong execution, Lenovo has outperformed the industry in all geographies, customer segments and product segments on its journey toward becoming one of the leading personal technology companies in the world · Roughly doubled net profit YTY in Q1 ($108m) · Fastest growing of top 5: 7 straight quarters (8X market in Q1) · Outgrowing market: 9 straight quarters · Grew 8X market (23.1% to 2.7%) · Record units in Q1 of over 10 million · #3 WW share in PCs; Record share of 12.2% · Record share in both Mature and Emerging · Number 1 in global relationship NB (Large enterprise/public sector) · Number 2 in global commercial NB · Number 1 in China and growing: Extended lead vs. competitors as China overtook U.S. for 1st time as world's largest PC market. · Number 1 in global Emerging markets: Grew 3x the market rate (46.5% v. 14.7% to reach record 16.6%). · Number 2 in WW all-in-one PCs
I hope for Lenovos sake that Gianfranco is a good fit for them. The good thing is he is just a consultant so if they don't think he is working out it is easy for them to get rid of him.
They want to pick his brain. Then he's history,......
Don't part with your illusions. When they are gone you may still exist, but you have ceased to live.
Looks like Lenovo plans to sell about 1.5-2 million tablets in 2011 the 7" IdeaPad and reorganize recently acquired Germany Medion and to target Europe PC markets with much lower prices on PCs.
"Don't Panic ! 'cause HH got's your back!"
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