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

Acer has been struggling to revive its PC sales

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.

Join the Good Gear Guide newsletter!

Error: Please check your email address.

Tags business issuespersonneldesktop pcshardware systemslaptopstabletsacer

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Michael Kan

IDG News Service

Most Popular Reviews

Follow Us

Best Deals on GoodGearGuide

Shopping.com

Latest News Articles

Resources

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Latest Jobs

Shopping.com

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?