Liu Chuanzhi, founder and director of Lenovo Group, will return as Chairman of the company's Board of Directors, and Yang Yuanqing, the current chairman of the Board of Directors, will assume the role of Chief Executive Officer, a position he held from 2001 to 2004, Lenovo Group announced at noon on the 5th. Current CEO William · Amelio's three-year contract with the company expires and he will remain with the company in an advisory capacity until September 2009. Lenovo also appointed Rory, senior vice president of corporate operations. Rory Read is the newly created President and Chief Operating Officer.