Acer CEO Gianfranco Lanci resigns from company

Lanci has been with Acer since 1997

Acer President and CEO Gianfranco Lanci has resigned from the company, Acer said Thursday, without saying why.

J.T. Wang, the chairman of Acer, will take over from Lanci, the company said in a filing to the Taiwan Stock Exchange.

Lanci came to Acer from Texas Instruments (TI) when Acer bought the TravelMate laptop PC business from TI in 1997. He was named president of Acer in 2005, and CEO in 2008, retaining his title of president.

The company's laptop business has been a driving force of double-digit growth at the company for years, and helped catapult Acer into the top three in the global PC industry, behind Hewlett-Packard and in constant competition with Dell for the second ranking.

Wang has been chairman of Acer since taking over from company founder Stan Shih several years ago, after Acer split itself into three distinct companies in order to separate its branded business from its contract manufacturing operations.

Acer took over as the branded company, while Wistron took most of the PC-related contract manufacturing and BenQ took on mobile phone and PC-related work.

Shih retired from Acer in December 2004.

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