Lenovo Broadcasts Modifications in Board Compositions and Board Committees
Appoints John Thornton as Lead Unbiased Director
Hong Kong, February 21, 2025 – Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY) (“the Firm”) at the moment introduced a number of modifications in Board compositions and Board Committees.
John Thornton, presently an unbiased non-executive director and a member of the Nomination and Governance Committee of the Firm, has been appointed because the Lead Unbiased Director of the Lenovo board with rapid impact.
Gordon Orr, an unbiased non-executive director and a member of the Compensation Committee and the Audit Committee, has been appointed because the chairman of the Compensation Committee of the Firm with rapid impact.
Each appointments observe the resignations of unbiased non-executive administrators William (Invoice) Grabe and Tudor Brown with impact from February 21, 2025. Invoice served on the Lenovo board for 19 years, and as lead unbiased director for over 11 years, and Tudor served on the board for over 12 years. The resignations are consistent with the Firm’s company governance ideas and the Hong Kong Inventory Alternate’s steering on company governance practices for INED tenures.
Lenovo can also be asserting the appointment of two new non-executive administrators efficient April 1, 2025. WaiMing Wong, presently Chief Monetary Officer of Lenovo, and Laura Quatela, presently Chief Authorized and Company Accountability Officer of Lenovo, will each retire from their administration positions on the finish of the fiscal 12 months on March 31, 2025. Efficient April 1, 2025, they’re appointed to the Lenovo Board as non-executive administrators. As well as, WaiMing will function a member of the Audit Committee and Laura will function a member of the Nomination and Governance Committee.
Following WaiMing and Laura’s retirements from their administration positions, they are going to be succeeded by Winston Cheng as Chief Monetary Officer and David Carroll as Chief Authorized and Company Accountability Officer, respectively. Winston is presently Senior Vice President and Deputy CFO having joined the corporate in April 2024, and David is presently Vice President and Basic Counsel for the Clever Units Group and Group Operations having joined Lenovo as a part of the Motorola acquisition in 2014. Extra info on their appointments is on the market right here.
Commenting on the appointments and modifications, Lenovo Chairman and CEO Yuanqing Yang, stated: “On behalf of the board and administration of Lenovo, I want to specific honest appreciation and due to Invoice, Tudor, Wai Ming and Laura for his or her devotion and noteworthy contributions to Lenovo over a few years. We want all of them the very best of their new chapter of retirement,”
“I might additionally wish to take this chance to welcome John to the position of lead unbiased director of the board, Gordon because the chairman of the Compensation Committee, and welcome Wai Ming and Laura to the Lenovo board. Their in depth expertise and perception shall be an incredible asset to Lenovo.”
About Lenovo
Lenovo is a US$57 billion income international expertise powerhouse, ranked #248 within the Fortune International 500, and serving tens of millions of consumers day by day in 180 markets. Targeted on a daring imaginative and prescient to ship Smarter Know-how for All, Lenovo has constructed on its success because the world’s largest PC firm with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized gadgets (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and companies. Lenovo’s continued funding in world-changing innovation is constructing a extra equitable, reliable, and smarter future for everybody, in all places. Lenovo is listed on the Hong Kong inventory change beneath Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY). To search out out extra go to https://www.lenovo.com, and browse in regards to the newest information by way of our StoryHub.
