Lenovo Adds HTC President Cher Wang to Board of Directors

Lenovo Group, the world’s second-largest tablet PC vendor in the first quarter of 2022, has named HTC Corp. Cher Wang to its board as an independent director, according to a Lenovo filing released today.

Wang, 63, co-founded Taiwan-headquartered HTC with her husband Wenchi Chen in 1997. HTC was one of the world’s largest handset vendors and the duo were one of the wealthiest couples in the world. world in 2011 with a fortune estimated by Forbes at 8.8 billion dollars. .

HTC then encountered fierce competition from Apple and others, although it remained a supplier of computer vision technologies and computing platforms. Wang is also president of electronics supplier VIA Technologies.

The influential businesswoman is the daughter of late Taiwanese business icon YC Wang and sits on the board of directors of Formosa Plastics, one of Taiwan’s largest plastics makers, controlled by the family.

Lenovo also announced today that Xue Lan will join its board of directors. Xue is currently a professor at Tsinghua University, dean of Schwarzman College, and dean of the Institute for International AI Governance at Tsinghua University.

Xue is also an independent non-executive director of SenseTime Group and Neusoft Corporation.

For the fiscal year ended March 31, 2022, Lenovo, headquartered in China, paid non-executive directors $340,000 per year, consisting of $100,000 in cash plus and participation rights worth $240,000. $.

Lenovo sold 21 million PCs and tablets in the first quarter, just behind Apple’s 22.3 million, although down 12% from a year earlier, according to research firm Canalys. HP ranked #3 with 15.9 million.

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