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Empresas y finanzas

Lenovo Chief Financial Officer Mary Ma to Retire; Appointed Non-Executive Vice Chairman


    Lenovo Group today announced that Mary Ma, senior vice president
    and chief financial officer, will retire from the company, effective
    today, and take on a new role as Non-Executive Vice Chairman of
    Lenovo.

    The company also announced that Wong Wai Ming, 49, has been
    appointed Chief Financial Officer, reporting to CEO William J. Amelio.
    Prior to his appointment, Wong served on Lenovo's Board of Directors
    and as Chairman of the Audit Committee from which he resigned
    effective today. He is also an Executive Director and Chief Executive
    Officer of Roly International Holdings Group. Wong will assume the
    role of CFO effective July 15, 2007. Ma will serve as Acting CFO
    during the transition period.

    On the occasion of her retirement, Ma said, "It has been a delight
    and honor to be part of Lenovo's many successes. It was a difficult
    decision to end my day-to-day involvement with the company. Lenovo has
    an extremely talented and committed executive leadership team in place
    with the strategic vision necessary to lead Lenovo into the future. My
    retirement does not diminish my enthusiasm for and commitment to this
    company. I am extremely proud of our accomplishments and look forward
    to many more."

    Although retiring as an active Lenovo executive, Ma, 54, will
    continue to advise Lenovo chairman Yang Yuanqing, Amelio, and the
    board of directors as needed on global strategy, strategic investments
    and finance-related issues and projects. Ma has also been appointed as
    an observer of the company's Compensation Committee and Strategy
    Committee, effective immediately. She will also join the Audit
    Committee upon the assumption of duty of the new CFO.

    Ma, who has nearly 30 years of financial and operational
    experience, joined Lenovo in 1990, becoming a member of the company's
    board of directors in 1997 and chief financial officer in 2000. She is
    frequently acknowledged as setting standards for financial reporting
    and transparency for publicly-listed companies in China. She has been
    recognized as best CFO by FinanceAsia and as a leading business woman
    by Forbes and Fortune.

    "Mary leaves us with a tremendous legacy. For 17 years, she has
    made countless contributions to Lenovo's success, and has played an
    important role in our transformation into one of the world's largest
    PC manufacturers," said Yang. "I have no doubt that her considerable
    expertise, unwavering commitment to excellence, and focus on long-term
    shareholder value will be invaluable as we execute our strategic plan
    and move the company forward."

    Amelio said: "We are very fortunate to have an executive of Mary's
    caliber to take on this new role. She was one of the chief architects
    of Lenovo's 2005 acquisition of IBM's PC business and has been
    instrumental in our successful efforts to return the business to
    profitability, maintain business stability, and execute a smooth
    organizational integration. Although Mary is retiring, I have no doubt
    we will continue to benefit from her counsel and experience in the
    years to come.

    "At the same time, we are pleased that Wong Wai Ming has joined
    Lenovo as our new CFO. His breadth of financial experience and
    knowledge will be a tremendous asset as we grow our business
    worldwide."

    Prior to his recent positions, Wong spent more than 15 years in
    investment banking, where he held several senior positions, and is a
    member of the Listing Committee of the Hong Kong Stock Exchange. Wong
    is a Chartered Accountant, and holds a Bachelor of Science degree in
    Management Sciences from the Victoria University of Manchester in the
    United Kingdom.

    About Lenovo Group Ltd.

    Lenovo (HKSE: 992) (ADR: LNVGY) is dedicated to building the
    world's best-engineered personal computers. Lenovo's business model is
    built on innovation, operational efficiency, and customer satisfaction
    as well as a focus on investment in emerging markets. Formed by Lenovo
    Group's acquisition of the former IBM Personal Computing Division, the
    company develops, manufactures and markets reliable, high-quality,
    secure, and easy-to-use technology products and services worldwide.
    Lenovo has major research centers in Yamato, Japan; Beijing, Shanghai
    and Shenzhen, China; and Raleigh, North Carolina. For more
    information, see www.lenovo.com.