Acer CEO and President Resigns After Second Straight Losing Quarter

Acer logoGianfranco Lanci, the president and CEO of Acer has resigned from the company, effective immediately.

According to a press release dated today from Taiwan's leading PC supplier, Lanci had a different vision for the future direction of the company from Acer's board of directors. "They placed different levels of importance on scale, growth, customer value creation, brand position enhancement, and on resource allocation and methods of implementation," the statement said.

The two parties could not come to an agreement despite months of dialogue. Effective immediately, Acer Chairman J.T. Wang will fill in for Lanci in the interim.

"In this new ICT industry," Wang said, "Acer needs a period of time for adjustment. With the spirit of entrepreneurship, we will face new challenges and look to the future with confidence."

The company expressed appreciation for Lanci's "significant" contributions "toward Acer's growth," and wished him "all the best in his future endeavors."

Acer CEO and President Resigns After Second Straight Losing Quarter

The shakeup comes just two days after reported that Acer founder Stan Shih urged the company to revamp its operations to focus on higher profit margins instead of PC-market domination.

Acer revised its sales targets downward for the second straight quarter -- from a 3-percent profit to a 10-percent decline -- which prompted the remarks from Shih, who cited the "new perspective" that Apple's products have brought to the tech field.

Acer's plans for the last few years have been to become the global leader in PC shipments. The company successfully booted Dell from the #2 spot last July, but slipped back in the following quarter.

Shih said that Acer should mimic Apple by also servicing its own products, rather than tirelessly pursuing volume growth.

Source: DailyTech

Tags: Acer

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