[photopress:Mary_Ma.jpg,full,alignright]Lenovo’s chief financial officer has quit just as the company’s latest results suggest it’s finally looking like a true multinational.
In what’s being described as ‘a personal decision’, CFO Mary Ma, 54, is stepping down after 17 years with the company. She will stay on as non-executive vice chairman.
Ma was regarded as a major player in the company’s global expansion, culminating in its $1.25 billion purchase of the IBM PC Company two years ago. But it was recently forced into cutting 1,400 jobs, or around 5% of its global workforce, as it sought to bring burgeoning costs under control.
Ma had been a top architect of the IBM acquisition and is regarded as one of the highest-ranking businesswomen in
Lenovo posted net profit of $50 million for the March quarter, compared to a loss of $95 million in the same quarter last year. Revenue rose 9.3%.
Source: Computer Daily News