World’s top personal computer vendor Legend Holdings Corporation’s Liu Chuanxhi announced his retirement and a new management has been appointed to succeed him and his team.
Liu, 75 will still continue to serve as honorary chairman, senior adviser and member of the Strategy Committee of the Board of Directors.
At the age of 40, he worked in the Chinese Academy of Sciences, now Lenovo at the age of 40. In the next 35 years he made Lenovo become China’s top PC maker. It has expanded globally through acquiring IBM’s PC business.
Liu founded Legend Holdings and focused more on investment in 2001 and it has more than 20 portfolio companies today.
Lenovo group chairman, Yang Yuanqing considers Liu as his mentor, teacher and lifelong friend. Moreover, he adds that Liu is not the type to just stay still and is quite fine with a reputation of being one of the most ambitious, energetic and hardworking entrepreneurs in China,
Meanwhile, Ning Min, has been appointed as chief executive officer following Zhu Linan, who also stepped down with Liu. He has been executive director, senior vice president and chief financial officer in the company.
Ning joined Legend in 1991 and has since then witnessed a number of transformations and ground-breaking transitional phases.
He has an in-depth understanding of the company and extensive practical experiences, as the company remains committed to becoming a respected and trusted global holding company, with equity in leading enterprises in multiple industries with international influence.