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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags tabletsbusiness issuesacerhardware systemspersonnellaptopsdesktop pcs

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

Michael Kan

IDG News Service
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?