(CFP)

Yang Yuanqing, CEO of the Lenovo Group Ltd., was appointed Board Chairman of Lenovo, the world's second-largest PC maker with a market share of 13.5 percent, according to its 2011 second fiscal quarter report. Yang took over the post from founder of the company Liu Chuanzhi, who will become honorary chairman of the group. Yang will assume the dual roles of chairman and CEO.

Yang, 47, has been working for Lenovo since 1989. After becoming its president and CEO in 2001, Yang made great contributions to Lenovo's deeper internationalization, such as building the brand in the international market and acquiring IBM's Personal Computing Division in 2005. Yang served as Lenovo's chairman from 2005 to 2009. In February 2009, Liu returned as chairman to turn the company around after the global economic downturn.

Lenovo, originally known as Legend, rose from a small start-up to become the leading PC company in China and then a global company.