HTC CEO Sheds Some Responsibilities to Focus on Products
HTC CEO Peter Chou has shifted some of his management responsibilities to the company's chairwoman, Cher Wang. In a statement, HTC explained, "At this crucial time, it is important for HTC to remain focused. That means that Peter is focusing on creating the best products and ensuring the best execution across the company. He has invited Cher to participate more in certain areas such as operations, sales and marketing. With Cher's involvement Peter will have more time to focus on product innovation. Peter remains the CEO with full and final decision-making responsibilities." HTC has seen its share of the smartphone market drop over the last two years and recently reported its first-ever quarterly loss as a public company. HTC said the change in Chou's responsibilities will be temporary, but left the timeframe open-ended.
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