Feeds

Acer names Jason Chen as its white knight

Taiwan Semiconductor Manufacturing Company man steps into the CEO hot seat

Secure remote control for conventional and virtual desktops

Acer has named the man it thinks can dig it out of the hole created by the collapsing PC market.

Jason Chen, currently the senior vice president of worldwide sales and marketing at Taiwan Semiconductor Manufacturing Company (TSMC), steps into the CEO and president's chair on January 1st, 2014.

Chen doesn't have a high profile but was Intel's vice president and general manager for the Asia Pacific until 2005, when he began his TSMC stint. His career kicked off at IBM. During his time at TSMC, the company's share price has headed in pleasing directions.

Financial media are describing Chen's appointment as a “surprise”. Acer's canned statement features Acer founder, former CEO and current chairman Stan Shih saying Chen is “... an excellent manager with extensive management experience and proven execution capability.”

“Acer’s search committee met with him on several occasions for in-depth dialogue and exchange of views,” Shih's press release writer adds. “We consider him to be the ideal executive to lead our transformation with his wealth of new thinking, international perspective, and willingness to face this challenge. Moreover, he shares the consensus on our strategy and development for Acer’s future.”

Chen will need to share that consensus because Shih will “continue to serve as chairman of Acer and chairman of the Transformation Committee.”

The decision to appoint Chen CEO reverses the strategy outlined in November that called for the post of CEO to be abandoned so that Shih could re-shape Acer at greater speed. Why the company has chosen to once again appoint a CEO has not been explained.

Chen faces many challenges. Aside from disappearing PC sales, the company recently posted a considerable loss and its share price is trending in an ugly direction

New hybrid storage solutions

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple Pay is a tidy payday for Apple with 0.15% cut, sources say
Cupertino slurps 15 cents from every $100 purchase
Forget silly privacy worries - help biometrics firms make MILLIONS
Beancounter reckons dabs-scanning tech is the next big moneypit
Microsoft's Office Delve wants work to be more like being on Facebook
Office Graph, social features for Office 365 going public
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.