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Lanci Out At Acer

3/31/2011 11:39:18 AM Eastern

Taipei, Taiwan - Conflict
with Acer's board of directors over the company's future development has led to
the immediate resignation of CEO and president Gianfranco Lanci.

Lanci is being replaced
in the interim by Acer chairman J.T. Wang.

In a written release,
Acer said Lanci and the board disagreed on a wide variety of topics concerning
the company's growth.

"On the company's future development, Lanci held different views
from a majority of the board members, and could not reach a consensus following
several months' of dialog. They placed different levels of importance on scale,
growth, customer value creation, brand position enhancement, and on resource
allocation and methods of implementation," Acer said.

Wang said the company will continue to invest cautiously in the
developing mobile device market and that the PC will remain Acer's core
business.

Lanci was president of Acer since 2005 and led it to become the
second-largest shipper of computers worldwide, according to the research firms
Gartner and IDC.

Acer recently began shipping its first tablet PCs into the
market.

Scheduler Date: 
Thursday, March 31, 2011 - 11:39
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