14 DAY TRIAL // Acer is one of the strong brands which, as a company, has fallen on hard times, with an almost constant drop in revenues and difficulty in recovering from the blow of almost suddenly losing the netbook market.
Last week, recently appointed Acer CEO Jason Chen said that no senior management changes were expected in the short term.
This was while he addressed Acer's partners, urging them to support the company despite several quarters of bad financial results.
And yet, now, Scott Lin, senior corporate VP and president of Greater China regional operations, has reportedly announced that he will retire on April 30.
One could argue that the man is entitled to his retirement, since he has been with the company for 30 years (and the president of Acer Greater China since October 2011), but it still comes across as worrisome, since it came out of nowhere just after the assurance that nothing like this would happen.
All in all, between poor revenue, scandals over insider trading and a dwindling market share, things are going pretty poorly for Acer as a whole.
For those who want numbers, Acer's revenue for 2013 were of $12.02 billion / €8.74 billion, which was 16.2% lower on year.