Reuters: Technology News: Yahoo co-founder Jerry Yang joins Lenovo board as observer

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Yahoo co-founder Jerry Yang joins Lenovo board as observer Feb 20th 2013, 13:02 Tweet Share this Email Print Related News China's Lenovo sets sights overseas in smartphone push Wed, Jan 30 2013 Yahoo sees revenue climb this year, but long road ahead Tue, Jan 29 2013 Apple's China dilemma: market share or cachet? Thu, Jan 24 2013 China's Lenovo sees RIM as M&A option, CFO says Thu, Jan 24 2013 Analysis & Opinion The danger of a CEO's double-dip Asia's city-states grapple with slowing growth Related Topics Investing and Taxes Simplified » Tech » Co-founder of Yahoo Jerry Yang attends the Allen & Co Media Conference in Sun Valley, Idaho July 13, 2012. Credit: Reuters/Jim Urquhart HONG KONG | Wed Feb 20, 2013 8:02am EST HONG KONG (Reuters) - Lenovo Group said Yahoo! co-founder Jerry Yang is to join its board as an observer, as the world's No. 2 maker of PCs expands its mobile business to tap global demand for smartphones and tablets. Yang, who co-founded Yahoo! in April 1995 and served as chief executive from June 2007 to January 2009, will not be able to vote or have any of the other rights of a director, Lenovo said on Wednesday. The Hong Kong-listed company will pay Yang $61,875 per year and offer equity rights with a value of $135,000 in return for attending board meetings and providing views. Yang, 44, resigned from Yahoo's board last year when he also stepped down from the boards of Alibaba Group Holding and Yahoo! Japan. Lenovo, the second-biggest smartphone vendor in China, is stepping up its expansion in the business. In its October-to-December third quarter, Lenovo shipped 9.4 million phones, including 9 million smartphones, mainly in China where its smartphone business was profitable for the first time. (Reporting By Anne Marie Roantree; Editing by Dan Lalor) Investing and Taxes Simplified Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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