Acer new CEO to meet press in public debut
Central News Agency
2014-01-12 01:43 PM
Taipei, Jan. 12 (CNA) Jason Chen, Acer Inc.'s new corporate president and chief executive officer, will meet with the media on Monday afternoon to outline his strategy to turn around the Taiwanese PC vendor, following recent losses. Chen, a former senior vice president of worldwide sales and marketing at Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chip maker, was appointed CEO by Acer's board of directors on Dec. 23. The new CEO's first meeting with the media will be held at Acer's headquarters in Taipei, where Chen will be accompanied by Chairman Stan Shih, who returned to the company's helm in late November as part of a restructuring plan. Shih told a press briefing last week that Chen was preparing for his new role in Acer after company leaders chose to embrace new opportunities in the era of cloud technology. Acer said in a statement on Dec. 18 that it will combine its strength and size in PC manufacturing with its cloud technology, allowing users to build their own cloud services for purposes such as storing music and photos on all Acer PCs and mobile devices. The decision came as Acer's third-quarter financial report on Nov. 5 revealed that the company suffered a large after-tax loss of NT$13.12 billion (US$443.5 million), or NT$4.82 per share, including after-tax amortization of intangible assets. The PC maker's shipments also fell to 6.67 million units in the third quarter, down 22.6 percent from one year earlier, while its global market share dropped to 8.3 percent from 9.8 percent, according to data from research firm Gartner Inc. Analysts believe that Acer is expected to seek growth at a stable pace, which will take time because the company will need more talented employees and partners to help tackle the challenges in the industry in a post-PC era. Acer shares closed up 0.27 percent at NT$18.6 Friday in Taipei trading. (By Jeffrey Wu)
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