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Stan Shih resumes Acer Chairman seat


Monday, November 25, 2013 Acer has announced that its board of directors has elected company founder, Stan Shih, as Chairman and interim corporate president with immediate effect. Shih will serve as Acer's Chairman until the end of his term on the board. Chairman and CEO JT Wang and corporate president Jim Wong have both stepped down in light of the company's recent performance. The Company will hand over corporate presidency to the appropriate candidate as soon as possible. Despite their resignations, reluctantly accepted by the board, both JT Wang and Jim Wong have committed to remain with Acer as advisors to ensure a smooth transition and transfer of the management team and to help the company back to stability. In addition to the appointment of Stan Shih, the board also resolved to relinquish the position of the CEO. Former CEO duties will be charged to the chairman or president and this is expected to boost the company's decision making efficiency.

By: DocMemory
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