Acer's Board Elects Stan Shih as New Chairman and Interim Corporate President as J.T. Wang and Jim Wong Step Down


TAIPEI, TAIWAN (November 21, 2013) Acer announces that its Board of Directors has elected the company founder, Stan Shih, as Chairman and interim Corporate President with immediate effect. Shih shall serve as Acer’s Chairman until the end of his term on the Board. Chairman & CEO J.T. Wang and Corporate President Jim Wong have both stepped down in light of the company’s recent performance. The Company will hand over the Corporate Presidency to the appropriate candidate as soon as possible.

Despite their resignations, reluctantly accepted by the Board, both J.T. 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. Meanwhile, the CEO role will be appointed to either the Chairman or Corporate President and is expected to boost the company’s decision making efficiency.

Stan Shih said, “Due to the situation that now faces Acer and my personal social responsibilities, I must stand up and take the reins without salary.”

Shih continued, “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.”

 

 

 

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About Acer
Established in 1976, Acer is an information and communication technology company dedicated to the research, design, marketing, sale and support of innovative products that enhance people's lives. Acer's green supply chain delivers environmentally friendly PCs, displays, projectors, servers, tablets and smartphones — tools our customers need to explore beyond limits and experience more. Ranked No. 3 for notebooks globally (IDC 2012), Acer employs 8,000 people, and 2012 revenues reached US$14.7 billion. Please visit www.acer.com for more information.
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