Acer Launches Legal Action Against Former CEO Lanci In Italy
February 07 2012 - 8:50AM
Dow Jones News
Taiwanese personal computer maker Acer Inc. (2353.TW) said
Tuesday it has initiated legal action against former chief
executive and president Gianfranco Lanci in Italian courts, as the
company believes Lanci breached the non-compete clause in his
contract when he left in 2011.
The move comes after rival Lenovo Group Ltd. (0992.HK) said last
month it had hired Lanci to lead its new Europe, Middle East and
Africa division.
Lanci, who left Acer in March last year, was credited by
analysts, investors and people within the company for forming
strong relationships with distributors in Europe, which Lenovo is
keen to use to its advantage. He was replaced by Chairman J.T.
Wang, who intends to capitalize on the rise of tablets and multiple
PC operating systems.
"Acer has a solid 2012 business plan for the European market and
is back on the right track of end-to-end operations," it said in
the statement Tuesday.
-By Lorraine Luk, Dow Jones Newswires; 8862-25022557;
lorraine.luk@dowjones.com