the major founder of Lenovo who is named "Liu Chuanzhi "is set to retire by end of this year

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the founder of Lenovo Group, Liu Chuanzhi, will actually be retiring at the year end as the major chairman of its parent Legend Holdings, this was actually confirmed by the company on Wednesday.

Seventy-five-year-old Liu, who established Legend Holdings in 1984, had ventured down as the executive of Lenovo Group in 2011 to concentrate on the parent organization.

Legend veteran Ning Min, who joined the organization in 1991 and has held a few senior jobs throughout the years including that of CFO, has been delegated the new executive.