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CEO’S REPORT
2008/09 Annual Report Lenovo Group Limited
8
the CEO role. I thank William Amelio, my predecessor,
for his work in helping to build Lenovo into a global
company. As CEO, my singular focus is to return to
strong, sustained growth and furthering our goal of
making Lenovo the world’s leading PC company.
ACHIEVEMENTS IN 2008/09
During the 2008/09 fiscal year we realized some notable
successes:
• We continued to strengthen our business in China,
our largest market, where we continued to increase
market share.
• Lenovo grew faster than the market in such key
emerging markets as Russia, Brazil and Turkey,
demonstrating how we can tailor our proven China
business model into success in other emerging
markets, which collectively represent tomorrow’s
high-growth opportunities.
“As a company, we have embraced the challenge posed
The last year has been one of the most challenging
for business in modern times, affecting companies
everywhere, and it was no different for Lenovo. The
dramatic downturn in the global economy impacted
Lenovo’s results, interrupting a long run of consistently
strong growth. Clearly the global economy is beyond our
control, but we are not satisfied with our performance
in 2008/09 and are hard at work to deliver solid
improvements in our performance in the year ahead.
Already we have taken decisive action to streamline
our company and have redoubled our efforts to deliver
against key strategic priorities. We announced a
restructuring plan in January that will significantly cut
costs. As a company, we have embraced the challenge
posed by the current business environment by drawing
on our core strengths to position Lenovo for rapid
growth as the economy starts to thaw and show signs of
recovery.
Everyone at Lenovo is focused on meeting this
challenge and that includes me, as I have returned to
by the current business environment by drawing on our
core strengths to position Lenovo for rapid growth as the
economy starts to thaw and show signs of recovery.”