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You can credit Gianfranco Lanci with helping to transform Acer from an also-ran to one of the biggest computer companies in the world during his stint as President and CEO. But then something happened. Acer's stock took a turn for the worse, the company's Board of Directors began to butt heads with Lanci over his mobile strategy, and Lanci called it quits. That was five months ago, and now Lanci has found new employment with Lenovo where he was picked up to serve as a consultant.
Lenovo expects Lanci's expertise to play an integral role in developing and accelerating its worldwide consumer business. In particular, Lenovo wants Lanci to guide its integration of Medion, a German technology company it acquired in July.
"Mr. Lanci is bringing his expertise to the world’s third largest PC maker during a period of rapid growth and sustained success," Lenovo said in a statement. "Lenovo has been the fastest growing major PC manufacturer for seven straight quarters. The company recently announced its first quarter earnings, including record global market share (12.2 percent), record quarterly unit sales (more than 10 million units) and gains in virtually every region and product segment, while almost doubling profits year-to-year."
Lenovo is a company on a mission to overtake Dell as the world's second largest PC maker in the world by the end of the year. Meanwhile, Acer has dropped from second place down to fourth since Lanci parted ways back in April.