Shares of Acer jump after names ex-TSMC sales exec new CEO

Reuters

TAIPEI (Reuters) - Shares of Acer Inc jumped on Tuesday, after the company named former sales executive Jason Chen of the world's largest contract chipmaker TSMC its new CEO in a bid to revive the struggling PC company. Soon after the opening bell, Acer firmed 3.5 percent to T$17.6, versus a 0.2 percent rise in the broader market. Chen will take over executive duties on January 1 from company founder Stan Shih, who returned to the company in November and will remain Acer's chairman, Acer said in a statement on Monday. (Reporting by Clare Jim; Editing by Michael Perry)