Yang Yuanqing

Yang Yuanqing ( born 12 November 1964) is a Chinese business executive and

philanthropist who is the current chairman and CEO of Lenovo.

Early life
Yang was born on 12 November 1964 to parents both educated as surgeons.
He spent his childhood in Hefei in Anhui province. He grew up poor, as his
parents were paid the same salaries as manual laborers. Yang's parents
endured repeated persecution during the Cultural Revolution. Yang's father,
Yang Furong, was a disciplined man with strict standards. Yang said of his
father, "If he set a target, no matter what happened, he wanted to reach it.”

Education
While his parents wanted him to pursue a career in medicine, and he had a
budding interest in literature, Yang decided to study computer science on the
advice of a family friend who was a university professor. Yang earned an
undergraduate degree in computer science from Shanghai Jiaotong University
in 1986 and graduated with a master's degree from the University of Science
and Technology of China (USTC) in 1988.
Lenovo
Yang spotted a newspaper advertisement for jobs at Lenovo while in Beijing
performing research for his master's degree at the University of Science and
Technology of China. Yang had initially planned on becoming a university
professor but took a risk and accepted a position with Lenovo in sales. He was
paid the equivalent of US$30 per month.
In 1989, Yang joined Legend, as Lenovo was then known, at the age of 25. He
was quickly promoted. Yang was elevated to CEO of the whole company when
Liu retired in 2001.
Yang Yuanqing was chairman of Lenovo's board from 2004 to 2008. In February
2009, Yang gave up his position as chairman and again became CEO at Lenovo.
In 2012,Yang received a US$3 million bonus as a reward for record profits,
which he then redistributed to about 10,000 of Lenovo's employees. Yang
contributed another US$3.25 million bonus to 10,000 Lenovo employees in
2013. Employees in 20 countries benefited from Yang's gift. 85% of recipients
were in mainland China. As in 2013, these workers were typically hourly
production staff.
" According to Lenovo's annual report, Yang earned US$14 million, including
US$5.2 million in bonuses, during the fiscal year that ended in March 2012.
Yang greatly increased his ownership stake in Lenovo by acquiring 797 million
shares in 2011. Before, he owned only 70 million shares.

Awards and recognition

Yang was awarded the May Fourth Youth Medal, by the All-China Youth
Federation in 1999. In 1999 and 2001, the magazine BusinessWeek named him
one of the "Stars of Asia." In 2004, he was listed among "Asia's 25 Most
Influential Business Leaders" by Fortune Asia. Yang was named "2007 Chinese
Business Leader" by Fortune China. In 2008, Forbes Asia named Yang
"Businessman of the Year." In 2011, Finance Asia named Yang the "Best CEO in
China."
In December 2012, Yang was named one of the "2012 CCTV China Economic
Figures" in a televised award ceremony of CCTV. Yang received the same
award in 2004.