Its chairman at the time, Yang Yuanqing, moved with his family to America.
ECONOMIST: Lenovo bets on China: Where the heart is | The
By early 2009, Lenovo's CEO Bill Amelio was replaced by Yang Yuanqing.
FORBES: Magazine Article
On Feb. 5 Lenovo made the surprise announcement that Amelio was being shown the door and replaced by Yang Yuanqing, who had been Lenovo's chairman.
Yang Yuanqing, Lenovo chairman and chief executive officer of the comapny, said Lenovo intends to slow down expanding its market share and instead focus more on increasing the bottom line.
FORBES: China PC Maker Lenovo Takes Top Spot From HP
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