Lenovo Hires Ousted Acer Chief Executive to Help Boost European Operations

Gianfranco Lanci to Help Lenovo to Gain Market Share

by Anton Shilov
09/19/2011 | 04:03 PM

Lenovo Group, one of the largest PC suppliers in the world, has hired ousted ex-president of Acer, Gianfranco Lanci, as a consultant to help develop and accelerate Lenovo’s worldwide consumer business. He will have a particular focus on Lenovo’s integration of Medion, a leading German technology company acquired in July by Lenovo to significantly enhance its consumer presence, channels and capabilities in Western Europe.

 

“Lenovo is fully committed to the PC industry. We are very optimistic about its future, while making significant long-term investments in the mobile internet. Because of this, exceptional people like Gianfranco are joining Lenovo. We have the right strategy, innovative products, strong culture, and a talented team. These key elements of our core competitiveness will help us to continue winning. Therefore, Lenovo is the best working place for talented people,” said Yuanqing Yang, chief executive officer of Lenovo.

Mr. Lanci, who will be based, will work closely with Yuanqing Yang and the rest of Lenovo’s senior leadership team.

Mr. Lanci is bringing his expertise to the world’s third largest PC maker during a period of rapid growth and sustained success. Lenovo has been the fastest growing major PC manufacturer for seven straight quarters. The company recently announced its first quarter earnings, including record global market share (12.2%), record quarterly unit sales (more than 10 million units) and gains in virtually every region and product segment, while almost doubling profits year-to-year.

Gianfranco Lanci was fired from Acer after the company began to lose market share to Dell, HP, Lenovo and others. Besides, Acer Group’s board of directors was greatly disappointed over the lack of tablet strategy amid dropping sales of netbooks.