Acer has announced the resignation of CEO
Fourth largest PC maker, Acer accumulated losses. After publishing the results of the third quarter made a turnover down 11.8% and a net loss of 442.19 million dollars, Acer has announced the resignation of CEO J. T. Wang. This will be replaced by President Jim Wong in January. This will complete the reorganization and termination of 7% of the workforce.
In the first quarter of 2012, Acer accounted for 10.9% of worldwide PC sales, very close to Dell, which held 11% market share.
Since then, Dell has managed to increase its sales while Acer, steadily declining, represents the third quarter of 2013, as 8.3% in a difficult market.
The Taiwanese manufacturer has presented this November 5, its latest quarterly report. The problems get worse for the group.
In fact, Acer has introduced a turnover of 3.11 billion dollars, down 11.8% compared to the same period in 2012 and an operating loss of 86.61 million dollars. The manufacturer has added its net earnings with a net loss of 442.19 million dollars.
Acer blames the poor results in the adaptation of products under Windows 8.1, the management of these stocks and the payment of compensation to litigation.
In response to this assessment, Acer announced several decisions.
First, the resignation of CEO J. T. Wang was accepted. From January, it will be replaced by President Jim Wong. JT Wang said that "In view of the weak financial results, it is time for (me) to pass (my) responsibility to another management team to open the way in a new era."
Another important decision, leaders of Acer will in 2014, reorganizing activities. Some products in development will especially be abandoned. This strategy will cost 150 million dollars to Acer. However, the group believes that these withdrawals and the dismissal of 7% of employees will enable it to save 100 million dollars per year. And from next year.
In the first quarter of 2012, Acer accounted for 10.9% of worldwide PC sales, very close to Dell, which held 11% market share.
Since then, Dell has managed to increase its sales while Acer, steadily declining, represents the third quarter of 2013, as 8.3% in a difficult market.
The Taiwanese manufacturer has presented this November 5, its latest quarterly report. The problems get worse for the group.
In fact, Acer has introduced a turnover of 3.11 billion dollars, down 11.8% compared to the same period in 2012 and an operating loss of 86.61 million dollars. The manufacturer has added its net earnings with a net loss of 442.19 million dollars.
Acer blames the poor results in the adaptation of products under Windows 8.1, the management of these stocks and the payment of compensation to litigation.
In response to this assessment, Acer announced several decisions.
First, the resignation of CEO J. T. Wang was accepted. From January, it will be replaced by President Jim Wong. JT Wang said that "In view of the weak financial results, it is time for (me) to pass (my) responsibility to another management team to open the way in a new era."
Another important decision, leaders of Acer will in 2014, reorganizing activities. Some products in development will especially be abandoned. This strategy will cost 150 million dollars to Acer. However, the group believes that these withdrawals and the dismissal of 7% of employees will enable it to save 100 million dollars per year. And from next year.
Acer has announced the resignation of CEO
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