Lenovo appoints Yahoo co-founder Jerry Yang as board observer

Lenovo recently announced the appointment of former CEO and co-founder of Yahoo, Jerry Yang, as an observer of its Board of Directors. As observer, Yang will attend board meetings, sharing his experience and perspective as an Internet and technology pioneer.

“Jerry’s appointment as an observer to our board furthers Lenovo’s reputation as a transparent international company,” said Yang Yuanqing, Chairman and CEO of Lenovo. He believes that Lenovo continues to build on its momentum and establish itself as a global technology leader, as Jerry’s perspective, experience and proven entrepreneurial spirit will help us continue to drive growth and expand our business.

Yang, who co-founded Yahoo in April 1995 resigned from Yahoo’s board last year. “I am honored to join Lenovo as a board observer at an exciting time in its growth. I look forward to leveraging my past experience as a technology entrepreneur and innovator to provide advice as Lenovo looks at new areas of growth. I believe that Lenovo’s strong leadership team, coupled with their innovative strategy positions them well for continued success as a global leader in technology,” said Jerry Yang.

In Q3 2012, Lenovo shipped 9.4 million phones, including 9 million smartphones, mainly in China where its smartphone business made a huge profit for the first time. Lenovo is currently planning to expand its mobile business to tap global demand for smartphones and tablets.