Acer taps new chairman to reverse PC maker's decline

TAIPEI Wed Jun 18, 2014 3:38pm IST

An employee uses an Acer laptop at the company's booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 3, 2014. REUTERS/Pichi Chuang

An employee uses an Acer laptop at the company's booth during the 2014 Computex exhibition at the TWTC Nangang exhibition hall in Taipei June 3, 2014.

Credit: Reuters/Pichi Chuang

Related Topics

Stocks

   

TAIPEI (Reuters) - Taiwan's Acer Inc on Wednesday said it has appointed co-founder and board member George Huang as new chairman, tasked with overseeing the recovery of the PC maker's near-dominant position in a shrinking industry.

Huang, an Acer veteran who has served in various roles, was in November appointed executive secretary of the "transformation committee" whose remit was to reverse persistent losses brought about by smartphones and tablets taking demand away from PCs.

Acer, the world's No.4 PC maker by shipments, has since launched an aggressive push into cloud computing to reverse its fortunes, though the strategy puts it up against leaders Amazon.com Inc and Google Inc.

Acer announced Huang's appointment after the PC maker's annual general meeting (AGM) on Wednesday. He will succeed co-founder Stan Shih who came out of retirement in November to lead a restructuring effort that welcomed a new chief executive and chief financial officer.

At the AGM, Shih said without elaborating that he would continue to participate in Acer's reform. In a statement afterwards, he called Huang "instrumental in driving the company restructuring and in helping to develop our new vision."

Huang in the same statement said Acer needs to "build on the foundations of our existing PC, tablet, smartphone and other hardware products to strengthen overall product competitiveness."

Also at the AGM, Chief Executive Jason Chen said devices such as Google's Chromebook and so-called 2-in-1 notebook PCs are stimulating otherwise moribund PC demand.

Chen, however, also said overall PC industry performance this year "won't be spectacular."

The company, formerly the world's No.2 PC vendor, suffered a 20.2 percent decline in PC shipments during the first three months of this year, compared with a market decline of 4.4 percent, according to researcher IDC.

(Editing by Christopher Cushing)

FILED UNDER:

Reuters Showcase

India Cricket Chief

India Cricket Chief

Former ICC boss Dalmiya returns as BCCI chief.  Full Article 

S&P on Budget

S&P on Budget

Budget shows commitment to keep fiscal deficit low - S&P.  Full Article 

New Phone

New Phone

Samsung unveils sleek new Galaxy phones to battle Apple.  Full Article 

MH370 Search

MH370 Search

Interview: Australia says hunt for missing MH370 jet may be called off soon.  Full Article 

Blogger's Murder

Blogger's Murder

Bangladesh says arrests main suspect in U.S. blogger Avijit Roy's killing.  Full Article 

England under Fire

England under Fire

Changes demanded after England's latest World Cup flop.  Full Article 

Anti-Putin Rally

Anti-Putin Rally

Anti-Putin protesters rally in New York after Nemtsov's murder.  Full Article 

Brit Awards

Brit Awards

Brit awards shake up British album chart, boost Sam Smith.  Full Article 

Lathmar Holi

In Pics: Lathmar Holi

Images of "Lathmar Holi" at Nandgaon in Uttar Pradesh.  Full Coverage 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage