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. Last Updated: 07/27/2016

Lenovo Appoints Rival to Top Post

SAN FRANCISCO -- Lenovo, the world's third-biggest personal computer maker, named Dell's William Amelio as chief executive officer, replacing Stephen Ward.

Amelio, Dell's president for Asia-Pacific and Japan, will begin work immediately, New York-based Lenovo said Tuesday in a statement.

As new chief, Amelio, 48, is charged with fueling growth at the Chinese company, which bought International Business Machine's PC business in April for $1.25 billion.

Ward, previously general manager of IBM's personal systems group, was tapped in May to oversee the integration of the two, a task that is complete, Lenovo chairman Yang Yuanqing said.

"Mr. Amelio has the perfect background to lead us on the path to profitable growth," Yang said.

Lenovo last month reported second-quarter profit that rose less than analysts had expected.