Acer Founder Returns to Computer Maker After Record Loss

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Acer Inc. founder Stan Shih returned to run the company he started in 1976 after a record loss and the resignation of leaders he’d entrusted with its management.

Shih came back as chairman and president while Jim Wong, president since 2011, resigned his post and will not take up the role of chief executive officer vacated by J.T. Wang, Acer said in a statement yesterday. The Taipei-based company said Nov. 5 Wong would become CEO and Wang would stay chairman until June.