Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Acer's next CEO abruptly resigns as founder Shih takes helm

Acer has been struggling to revive its PC sales

Article comments

Acer's upcoming CEO has abruptly resigned from the troubled PC maker, in a surprise move that will result in founder Stan Shih temporarily taking over leadership.

Two weeks after Acer named Jim Wong to be its next CEO, the PC maker on Thursday announced he was stepping down "in light of the company's recent performance."

Wong, who was formally company president, was originally supposed to replace J.T. Wang as its CEO next year. Now, however, the two executives are both resigning as the CEO position is being eliminated, according to a company statement.

In the interim, Shih will take over as chairman and corporate president. "Former CEO duties will be charged to the Chairman or President and this is expected to boost the companys decision making efficiency," Acer said.

Wang and Wong will remain on as advisors.

The management shakeup occurs as Acer is posting poor earnings on declining PC shipments. The company, now the world's fourth largest PC vendor, has primarily sold products to consumers, but the rise of tablets and smartphones have been eating into its sales.

Earlier this month, Acer said it formed an advisory committee to propose changes to its strategy. Shih was tasked to help lead the committee.

To survive, Acer will have to move into the enterprise sector, building premium consumer PCs, or expanding into new geographic markets, according to analysts.



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *