HTC replaces CEO with company founder
HTC founder Cher Wang is taking over as company CEO, as the Taiwanese Android smartphone maker fights to revive its struggling business.Peter Chou, the previous CEO, will remain with the company, and lead its “Future Development Lab” to identify new growth opportunities, HTC said Friday.Wang, who was already company chairwoman, had been taking a larger managerial role in the last two years, so that Chou could focus on product development.On Friday, the board of directors and HTC’s executive team agreed to formalize that progression and name Wang as CEO to usher in its next stage of development, the company said.During Chou’s tenure, HTC became a major Android handset maker, but its market share and sales have since declined in the face of fierce competition from Apple, Samsung Electronics, and an emerging crowd of Chinese vendors.To read this article in full or to leave a comment, please click here
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