Nikola founder resigns following SEC probe into electric truck business

Following a fraud accusation by a short firm and potential probe by the US Securities Exchange Commission (SEC), Nikola founder Trevor Milton is stepping down as executive chairman. “Nikola is truly in my blood and always will be, and the focus shoul...

ASUS CEO resigns as company shifts mobile focus to power users

Earlier today, ASUS announced that long-time CEO Jerry Shen is stepping down ahead of "a comprehensive corporate transformation" -- part of which involving a new co-CEO structure, as well as a major shift in mobile strategy to focus on gamers and pow...

Vertu’s sudden CEO swap spells trouble after Chinese buyout

It's only been three months since we met Vertu's then freshly-appointed CEO Billy Crotty, an Irishman who was brought in by the company's new Chinese owner, but for reasons unknown, it appears that he's already left the luxury phone maker. That's acc...

John Carmack leaves id Software to focus on Oculus VR

John Carmack at Oculus VR

For veteran gamers who enjoyed Doom and Quake, it's the end of an era -- id Software co-founder John Carmack has left the game studio to concentrate all his efforts on his Chief Technical Officer role at Oculus VR. It was just too "challenging" to divide attention between the two companies, he explains. id's Tim Willits says in a statement that the departure won't affect any existing projects, but it does leave the firm without the insights of one of the game industry's brightest programmers. However, his exit is good news for VR fans; Carmack can now pour all his energy into developing cutting edge wearable displays. Check out our recent video interview with him after the break.

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Via: Joystiq, IGN

Source: John Carmack (Twitter)

Acer’s next CEO steps down before even starting, as retired founder takes over

It's all change at Acer at the moment. Just 15 days after CEO and Chairman JT Wang stepped down, the man set to replace him, Jim Wong, has also left the business. The changes come after Acer posted a huge loss and wrote-off value from sub-brands Gateway and Packard Bell, apparently sealing the fate of the executives. In the wake of the news, founder Stan Shih will come out of retirement and assume the role of chairman and interim president "without salary," with co-founder George Huang joining the new-look old-school management team. Following today's reshuffle, Shih will have to make day-to-day decisions for the company. While Wang and Wong may have taken the blame for Acer's recent poor performance, both will hang around "to ensure a smooth transition."

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Via: Tim Culpan (Twitter)

Source: Acer Press