Acer CEO Wong ‘dead on arrival’, Shih steps in

Jim Wong, named as troubled Acer’s new CEO earlier in November, has unexpectedly resigned from the post he had yet to take up

Acer corporate president Jim Wong, who was due to take up the post of CEO in January 2014, has handed in his resignation before even making it through the door.

Wong was selected to replace the PC builder’s previous boss, JT Wang, who threw in the towel earlier this month after the firm’s mounting troubles were laid bare in a worse-than-expected quarterly results announcement.

Like its peers, the Taiwanese outfit has been struggling in the face of the growing popularity of mobile devices, and the rot afflicting the PC market also resulted in a major write-down on the value of recent Acer acquisitions Gateway and Packard Bell.

In light of its latest boardroom upset, Acer has called in company co-founder Stan Shih as chairman and interim corporate president with immediate effect.

In a statement, Acer said Shih will take on the duties of the CEO position – which is to be eliminated - with immediate effect. This is expected, it said, to boost its decision-making efficiency.

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

Shih continued, “I will honour 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.”

Acer did not give any reasons for Wong’s sudden u-turn, although it is understood that like Wang, he will remain as an advisor to “ensure a smooth transition” and “help the company back to stability.”

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