Asus CEO Jerry Shen to exit as CEO this year, to venture into IoT business – Gizmochina
In a major announcement, Asustek Computer Inc. has revealed today that CEO Jerry Shen will leave his position by the end of this month. Shen, who has been at the helm of Asus for more than ten years, will vacate the position for SY Hsu and Samson Hu who will act as co-CEOs moving forward in 2019. The Asustek CEO will then be directing his experience towards a new venture in the AI and IoT segment reported DigiTimes. Asus will be a key partner in the new company with 30 percent stake in Shen’s new venture.
Following the announcement, Asustek chairman Jonney Shih has praised the departing CEO as “the best CEO in the world”. Jerry Shen has had an engineering background from which he rose to the position of CEO and always held close ties with media.