Friday, Dec 26, 2014Friday, Dec 26, 2014

Asia

 

Acer founder Shih set to retire six months after returning to lead reforms

Published on May 4, 2014 6:20 PM
 
Mr Stan Shih, founder of Taiwan's struggling personal computer maker Acer, said Sunday, May 4, 2014, that he plans to retire as the chairman next month, six months after he returned to launch a series of reforms, the company and media said. -- FILE PHOTO: MA TAI-HSIN

TAIPEI (AFP) - Stan Shih, founder of Taiwan's struggling personal computer maker Acer, said Sunday that he plans to retire as the chairman next month, six months after he returned to launch a series of reforms, the company and media said.

The company confirmed reports that Mr Shih was scheduled to retire on June 18, the same day as its shareholders meeting, during which his successor would also be elected.

The 69-year-old made the surprise revelation during a gathering with reporters, the United Evening News said.

He said younger talents would be promoted to lead various divisions as the company shifts its business focus from hardware to cloud computing.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos