's board of directors has approved the candidacy of Jim Wong as the new Corporate President, with immediate effect.

ENGADGET: Acer's Jim Wong named Corporate President, will head new Touch Business Group

"Today's computer users are doing more online heightening the need for enhanced security, quicker online access and an easy-to-use interface, " Jim Wong, corporate president, Acer Inc.

ENGADGET: Acer unveils C7 Chromebook, portable cloud computing for just $199

"With AcerCloud, Acer now supports free file sharing between all of the key mobile devices, adding tremendous value to Acer customers, " said Acer President, Jim Wong.

ENGADGET: Acer updating its AcerCloud service with full Android and iOS support

Acer cut its forecasts for the second time in less than a month while announcing plans for a separate tablet division headed by its new president Jim Wong.

FORBES: Acer Lowers Forecast, Rejigs Executive Ranks