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Lenovo smashes expectations with 119% jump in profit, but CEO wants more

CEO: Lenovo embraces new normal and digital transformation – it s paying off

In his own words: Lenovo CEO spells out reorg, says aim is to sharpen our execution

MORRISVILLE – Lenovo Chair and CEO Yang Yuanqing won’t let the world’s top PC seller rest on the laurels of record-breaking revenues and profits as the world continues to adjust to the pandemic economy. He’s reorganizing the company, which operates dual headquarters in Morrisville and Beijing, and he spelled out the goals as well as the details in a conference call with analysts in Hong Kong early Wednesday. “Looking forward we will further drive service level intelligent transformation through further driving growth in managed service particularly device as a service and leveraging our experience and capabilities to build a solution focusing on smart manufacturing, smart education, smart health care and more. Clearly, 2020 was a challenging year that brought remarkable changes to our world. Thanks to our continued innovation, excellent operation and a robust resilience Lenovo quickly responded to the changing market and delivered excellent results.

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