Yang cedes more power to Lanci at Lenovo

Yang Yuanqing, chairman and chief executive of Lenovo Group Ltd, is delegating more power to his right-hand man after the world's largest personal computer maker completed two major acquisitions and is on the prowl for more.

The Beijing-based company said on Tuesday Gianfranco Lanci, its chief operating officer, has been named corporate president, effective April 1. The 61-year-old Italian will oversee Lenovo's global sales and also take responsibility for the company's enterprise business group and the PC division.

"He will have global, end-to-end responsibility for performance and business management systems in these areas, while retaining his current position as Lenovo COO," according to a company statement.