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Acer CEO Resigns Ahead of Major Restructuring

2013-11-05 21:33:53| PC Magazine Desktops Product Guide

Acer on Tuesday confirmed that J.T. Wang will step down as chairman and CEO. The firm also announced a major restructuring that will include layoffs and ditching existing products.

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Acer CEO resigns as company plans restructuring and layoffs

2013-11-05 14:21:57| InfoWorld: Top News

Acer CEO J.T. Wang is resigning from his post at the Taiwanese PC maker and will be replaced by president Jim Wong as part of a corporate restructuring that will try to revitalize the company's sagging fortunes. Citing the company's recent run of poor financial results, Wang said in a statement on Tuesday: "It is time for me to hand over the responsibility to a new leadership team to path the way for a new era."

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KT CEO resigns

2013-11-04 09:15:00| Telecompaper Headlines

(Telecompaper) Lee Suk Chae, the CEO of Korean operator KT, has offered to resign after prosecutors raided the company's headquarters and his home. The board will soon decide the resignation date and discuss a successor to Lee, who also held the role of chairman, Bloomberg reports. Prosecutors raided KT's headquarters and Lee's home last month following allegations the company incurred losses on asset divestments and bad investments. People's Solidarity for Participatory Democracy, a South Korean civic group, filed a lawsuit against the chairman in February, alleging Lee caused about KRW 80 billion (USD 75 million) of losses to the company by selling property too cheaply. KT didn't sell assets at low prices, Kim Dong Woo, a spokesman for the company, said.

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