Lenovo's Americas president quits

Lenovo's Americas president, Scott D Smith, has resigned to "pursue other interests", the Wall Street Journal reported. Smith headed the computer company's operations throughout the Americas. He will be temporarily replaced by Rory Read, a senior vice president. The resignation is another blow for the company that has seen poor performance since its high-profile takeover of IBM's personal computer division. Lenovo's last earnings report showed that new profit fell 16%, from US$45 to US$38 million, compared to the previous year, while revenue rose 1.3% to US$3.7 billion. Smith joined Lenovo in May 2005 after 22 years at IBM, where he was a vice president. Lenovo is currently working on improving its worldwide supply chain and trimming its product line.