Lenovo 2015 Annual Report Download - page 130

128 Lenovo Group Limited 2014/15 Annual Report
DIRECTORS’ REPORT
BIOGRAPHY OF DIRECTORS AND SENIOR MANAGEMENT (continued)
Biography of senior management (continued)
Ms. Qiao Jian, 47, joined the Group in 1990 and is currently the Senior Vice President of Human Resources, responsible for
Human Resources, Organizational Development, Global Talent, Compensation and Benefits as well as nurturing the Company’s
culture. Prior to assuming this position, Ms. Qiao held various senior positions in the Group including senior vice president of
Strategy and Planning and vice president of Human Resources in China – both before and after the acquisition of IBM’s PC
Division. Ms. Qiao has extensive experience in human resources, strategy, marketing and branding. She holds a bachelor’s degree
in management science from Fudan University and holds an EMBA from the China Europe International Business School.
Mr. Gerry P. Smith, 51, joined the Group in August, 2006 and is currently the Executive Vice President of the Company and
Chief Operating Officer of the PC and Enterprise Business Groups. In this capacity, Mr. Smith leads Lenovo’s PC and Enterprise
Business Groups, including the Global Operations organization that supports these businesses. Prior to that, Mr. Smith was senior
vice president of the Company and president of the Americas Group, senior vice president of Global Operations and senior vice
president of Global Supply Chain. Before joining the Group, Mr. Smith held a number of leadership roles at Dell, including vice
president and general manager of Notebook Development, Peripherals Development and the Display Line of Business. Mr. Smith
holds a bachelor’s degree in finance and marketing from Pacific Lutheran University.
Mr. Wong Wai Ming, 57, is currently the Executive Vice President of the Company and the Chief Financial Officer. He was
previously an investment banker for more than 15 years and also held senior management positions in listed companies in Hong
Kong. He was an independent non-executive director of the Company from March 30, 1999 until his appointment to the position of
Chief Financial Officer on May 23, 2007. Mr. Wong is a member of the Hong Kong Institute of Certified Public Accountants and the
Institute of Chartered Accountants in England and Wales and holds a bachelor’s degree in management sciences from the Victoria
University of Manchester in the United Kingdom.
DIRECTORS’ SERVICE CONTRACTS
On October 9, 2006, the Company entered into the service contract with Mr. Yang Yuanqing, the executive director and the
Chairman of the Board of the Company, for an unfixed term commencing from October 9, 2006. Upon termination of the service
contract, Mr. Yang may be entitled to compensation and other payments equivalent to more than one year’s emoluments
depending on a number of factors including the length of service, the amount of the unvested equity awards and the amount of the
annual bonus. The service contract was approved by the shareholders at an extraordinary general meeting of the Company held
on November 7, 2006 (at which Mr. Yang and his associates abstained from voting) pursuant to rule 13.68 of the Listing Rules. Mr.
Yang is currently the Chairman of the Board, the Chief Executive Officer and an executive director of the Company.
Save as disclosed above, none of the directors has a service contract with the Company which is not determinable within one year
without payment of compensation, other than statutory compensation.
DIRECTORS’ MATERIAL INTEREST IN TRANSACTIONS, ARRANGEMENTS OR
CONTRACTS
No transactions, arrangements or contracts that is significant in relation to the Group’s business to which the Company or its
subsidiaries, its holding company or any subsidiary of its holding company was a party and in which a director of the Company or
its connected entity had a material interest, whether directly or indirectly, subsisted at the end of the year or at any time during the
year.
DIRECTORS’ INDEMNITIES AND INSURANCE
As permitted by the articles of association of the Company, a director or a former director of the Company may be indemnified
out of the Company’s assets against any liability incurred by the director to a person other than the Company or an associated
company of the Company that attaches to such director in his or her capacity as a director of the Company, to the extent
permitted by law. Such permitted indemnity provision has been in force since the adoption of the new articles of association of the
Company on July 2, 2014 and is currently in force at the time of approval of this report.
The Company has also taken out and maintained directors’ and officers’ liability insurance throughout the year, which provides
appropriate cover for certain legal actions brought against its directors and officers.