Computer and smartphone manufacturer Acer says its board of directors has elected Stan Shih, one of the company’s original co-founders, as Chairman and interim Corporate President. It’s also removing the role of CEO, giving these duties to either the Chairman or the President.
JT Wang, the company’s previous chairman and CEO, resigned earlier this month following what he described as “consecutive poor financial results”. He’d agreed to remain in his role as chairman until the end of June, with Corporate President Jim Wong taking over as CEO from January. However, both have now stepped down.
Stan Shih said “Due to the situation that now faces Acer and my personal social responsibilities, I must stand up and take the reign without salary. I will honor and complete all the public affairs and event engagements that I have committed to, but I will also fully support Acer’s ICT device business and carry out the company transformation. In addition, George Huang who is one of my co-founding partners of Acer will join with me and the management team to lead our company at this time.”