Lenovo has posted a huge loss for the last quarter, while CEO William Amelio has resigned.

The company has undergone a management reshuffle which sees chairman Yang Yuanqing take over the CEO's post, while founder Liu Chuanzhi returns as chairman.
Lenovo's PC shipments fell about 5% during the last quarter of 2008, driven largely by a slowdown in the Chinese market.
The quarterly od was expected, and Lenovo announced last month that it was cutting 11% of its staff.