The Chinese PC maker Lenovo Group announced on Wednesday the signing as an observer for the board of directors of Yahoo co-founder Jerry Yang.
Yang Incorporating the second largest company in the world in the sector takes place at a time when it tries to expand its market share in mobile telephony leveraging the growing demand for smartphones and tablets.
Lenovo's interest is that Yang attend meetings of its board and offer their views on the strategies discussed therein, without the right to vote and other functions of the position for which you have contracted.
For this function, the Chinese-born businessman, 44, will receive a monthly salary of $ 61,875 per month and rights shares with a value of $ 135,000.
Yang co-founded Yahoo! in April 1995 and served as CEO of the company from June 2007 to January 2009. Last year the board of directors resigned finder and similar positions in Alibaba Group Holding and Yahoo Japan.
Lenovo continues its forward momentum and in the quest to become a world leader in the manufacture of PC and PC Plus devices in emerging markets.
For 13 consecutive quarters, the company has been the fastest-growing in the field of computers and was recognized by IDC as the third largest manufacturer in the world of "smart connected devices" such as tablets, PCs and smartphones.
At the same time, Lenovo had another quarter of record revenue of $ 246 million, pre-tax, showing that achieved such rapid growth while profits increase.
In the Asia Pacific / Latin America, Lenovo achieved a record market share of 11.3 percent, only slightly more than last year. In a market that was nine percent lower than last year, the company increased its PC sales across the region in a four percent.
Lenovo remained the leading PC maker in Japan. Consolidated sales in the region totaled 1.7000 million, 18 percent of Lenovo's sales worldwide, while operating margins continued to be profitable.
Chines Media (CN)