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Lenovo's founder Liu Chuanzhi resigns as president

(Xinhua)

08:35, June 19, 2012

BEIJING, June 18 (Xinhua) -- Liu Chuanzhi, founder of China's largest PC maker, the Lenovo Group, has stepped down as the the president of Lenovo's parent company Legend Holdings, but remains as the company's chairman, the company announced on Monday.

Liu will be succeeded by Zhu Linan, former executive vice president of Legend Holdings and a member of the company's executive committee.

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