Lenovo CFO WaiMing Wong and CLO Laura Quatela to Retire; Appointed Non-Executive Directors
Deputy CFO Winston Cheng named as new group CFO
David Carroll, General Counsel of Intelligent Devices Group and Group Operations,
named as new group CLO
Hong Kong, 21 February, 2025 – Lenovo Group Limited (HKSE: 992) (ADR: LNVGY) (“the Company”) is today announcing the upcoming retirements of WaiMing Wong, Executive Vice President and the group Chief Financial Officer (CFO), and Laura Quatela, Senior Vice President and Chief Legal and Corporate Responsibility Officer (CLO).
WaiMing joined Lenovo as an independent non-executive director in 1999 and has held the role of group CFO for the past 17 years (since 2007), and Laura joined Lenovo in 2016 as Chief Legal Officer, with the role later redesignated to Chief Legal and Corporate Responsibility Officer. Both WaiMing and Laura’s retirements will be effective from March 31, 2025, and effective April 1, 2025, they are appointed to the Lenovo Board of Directors as non-executive directors.
At the same time the Company is announcing that effective April 1, 2025, Winston Cheng, currently Senior Vice President and Deputy CFO, will be the new group CFO, and that David Carroll, currently Vice President and General Counsel for the Intelligent Devices Group and Group Operations, will be CLO. Both will join Lenovo’s Executive Committee (LEC) and report directly to Chairman and CEO Yuanqing Yang.
Commenting on these changes, Yuanqing Yang, Chairman and CEO of Lenovo, said: “WaiMing and Laura have both made significant contributions to Lenovo’s global success, playing pivotal roles in transforming Lenovo into the global technology powerhouse we are today. While we congratulate both on their retirements and new chapter, we look forward to their ongoing contributions and valuable insights in their new roles as non-executive directors of Lenovo.”
“At the same time, we are thrilled to welcome Winston as our new CFO and Dave as our new CLO. Since joining us in April last year, Winston has already demonstrated exceptional leadership in driving numerous key finance initiatives. He brings experience from a diverse background in the finance and banking industry, along with his extensive experience in the technology sector. Dave is already a well-known, proven, and respected leader at Lenovo, having previously been General Counsel for our Motorola business, as well as more recently for our entire Intelligent Devices Group and Group operations. Dave brings valuable institutional knowledge together with a focus on creativity and collaboration. These new leadership appointments ensure we remain well-positioned to steer Lenovo through its next stage of growth.”
About Winston Cheng
Winston joined Lenovo in April 2024 as Senior Vice President and Deputy CFO of Lenovo Group, bringing a wealth of experience from leadership roles in the investment banking industry and technology companies. Prior to joining Lenovo, he served as the Global Co-Head of Technology, Media and Telecom, Investment Banking at The Hongkong and Shanghai Banking Corporation Limited (HSBC). Prior to joining HSBC, Winston was President International and a member of the group investment committee at JD.com. He also served as a director on the boards of Arizon RFID, GoTo (Formerly GoJek), Tiki.com and TCL Electronics (formerly TCL Multimedia). Winston was an investment banker for over 20 years holding senior leadership roles as Managing Director and Head of Asia TMT Investment Banking at Bank of America Merrill Lynch and Head of Asia Technology Investment Banking and Consumer Retail Investment Banking at Goldman Sachs. He has extensive leadership experience in the technology sector as senior executive, board director, investor, and advisor. Winston graduated from the University of California, Berkeley.
About David Carroll
David joined Lenovo in 2014, as part of the Group’s acquisition of Motorola Mobility. He served as General Counsel for Motorola until January 2021 and currently serves as Vice President and General Counsel for the Intelligent Devices Group and Group Operations, while also managing legal support for Trademarks & Marketing, and Data Privacy and Security. As a lawyer he also has the unique experience of running the Global Brand Licensing business. In David’s new role he brings a wealth of experience in variety of complex legal matters, including IP, licensing, litigation, trademark, marketing, privacy, product security, trade and regulatory compliance. Prior to joining Motorola David worked inhouse for department store chain Sears and health and beauty company Amway Corporation. David holds a bachelor’s degree in philosophy from the University of Illinois and earned his law degree from Northwestern University School of Law in Chicago.
Lenovo is a US$57 billion revenue global technology powerhouse, ranked #248 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.
