Lenovo CFO WaiMing Wong and CLO Laura Quatela to Retire; Appointed Non-Government Administrators
Deputy CFO Winston Cheng named as new group CFO
David Carroll, Normal Counsel of Clever Gadgets Group and Group Operations,
named as new group CLO
Hong Kong, 21 February, 2025 – Lenovo Group Restricted (HKSE: 992) (ADR: LNVGY) (“the Firm”) is right this moment asserting the upcoming retirements of WaiMing Wong, Government Vice President and the group Chief Monetary Officer (CFO), and Laura Quatela, Senior Vice President and Chief Authorized and Company Accountability Officer (CLO).
WaiMing joined Lenovo as an unbiased non-executive director in 1999 and has held the function of group CFO for the previous 17 years (since 2007), and Laura joined Lenovo in 2016 as Chief Authorized Officer, with the function later redesignated to Chief Authorized and Company Accountability Officer. Each WaiMing and Laura’s retirements will likely be efficient from March 31, 2025, and efficient April 1, 2025, they’re appointed to the Lenovo Board of Administrators as non-executive administrators.
On the similar time the Firm is asserting that efficient April 1, 2025, Winston Cheng, at the moment Senior Vice President and Deputy CFO, would be the new group CFO, and that David Carroll, at the moment Vice President and Normal Counsel for the Clever Gadgets Group and Group Operations, will likely be CLO. Each will be part of Lenovo’s Government Committee (LEC) and report on to Chairman and CEO Yuanqing Yang.
Commenting on these adjustments, Yuanqing Yang, Chairman and CEO of Lenovo, mentioned: “WaiMing and Laura have each made vital contributions to Lenovo’s international success, enjoying pivotal roles in remodeling Lenovo into the worldwide expertise powerhouse we’re right this moment. Whereas we congratulate each on their retirements and new chapter, we stay up for their ongoing contributions and priceless insights of their new roles as non-executive administrators of Lenovo.”
“On the similar time, we’re thrilled to welcome Winston as our new CFO and Dave as our new CLO. Since becoming a member of us in April final 12 months, Winston has already demonstrated distinctive management in driving quite a few key finance initiatives. He brings expertise from a various background within the finance and banking trade, alongside along with his intensive expertise within the expertise sector. Dave is already a well known, confirmed, and revered chief at Lenovo, having beforehand been Normal Counsel for our Motorola enterprise, in addition to extra just lately for our complete Clever Gadgets Group and Group operations. Dave brings priceless institutional data along with a deal with creativity and collaboration. These new management appointments guarantee we stay well-positioned to steer Lenovo via its subsequent stage of development.”
About Winston Cheng
Winston joined Lenovo in April 2024 as Senior Vice President and Deputy CFO of Lenovo Group, bringing a wealth of expertise from management roles within the funding banking trade and expertise corporations. Previous to becoming a member of Lenovo, he served because the World Co-Head of Know-how, Media and Telecom, Funding Banking at The Hongkong and Shanghai Banking Company Restricted (HSBC). Previous to becoming a member of HSBC, Winston was President Worldwide and a member of the group funding committee at JD.com. He additionally served as a director on the boards of Arizon RFID, GoTo (Previously GoJek), Tiki.com and TCL Electronics (previously TCL Multimedia). Winston was an funding banker for over 20 years holding senior management roles as Managing Director and Head of Asia TMT Funding Banking at Financial institution of America Merrill Lynch and Head of Asia Know-how Funding Banking and Shopper Retail Funding Banking at Goldman Sachs. He has intensive management expertise within the expertise sector as senior govt, board director, investor, and advisor. Winston graduated from the College of California, Berkeley.
About David Carroll
David joined Lenovo in 2014, as a part of the Group’s acquisition of Motorola Mobility. He served as Normal Counsel for Motorola till January 2021 and at the moment serves as Vice President and Normal Counsel for the Clever Gadgets Group and Group Operations, whereas additionally managing authorized help for Logos & Advertising, and Information Privateness and Safety. As a lawyer he additionally has the distinctive expertise of operating the World Model Licensing enterprise. In David’s new function he brings a wealth of expertise in number of advanced authorized issues, together with IP, licensing, litigation, trademark, advertising, privateness, product safety, commerce and regulatory compliance. Previous to becoming a member of Motorola David labored inhouse for division retailer chain Sears and well being and wonder firm Amway Company. David holds a bachelor’s diploma in philosophy from the College of Illinois and earned his legislation diploma from Northwestern College Faculty of Regulation in Chicago.
About Lenovo
Lenovo is a US$57 billion income international expertise powerhouse, ranked #248 within the Fortune World 500, and serving thousands and thousands of consumers day-after-day in 180 markets. Centered 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 units (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, excessive efficiency computing and software program outlined infrastructure), software program, options, and providers. 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 concerning the newest information by way of our StoryHub.
