Acer CEO Wang steps down after poor Q3 results

Wednesday 6 November 2013 | 08:40 CET | News
Acer CEO and Chairman J.T. Wang has decided to step down as CEO. He will remain chairman until his term expires next June, and Acer president Jim Wong will take over as CEO effective 1 January 2014. The move follows another difficult quarter for Acer. The company posted a net loss of TWD 13.1 billion (USD 445 million) for the third quarter on another impairment charge for previous acquisitions, and revenues fell 11.8 percent year-on-year to TWD 92.15 billion. The operating loss totaled TWD 2.57 billion due to extra costs for rolling out Windows 8.1, inventory management and compensation for

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Categories: Mobile & Wireless
Companies: Acer
Countries: World
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