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HTC's Chou shifts from CEO to head of development lab

HTC's Chou shifts from CEO to head of development lab

Taipei, March 20 (CNA) Peter Chou has given up his position as CEO of HTC Corp. (???) and will assume a new post as head of the company's Future Development Lab, the Taiwanese smartphone maker said Friday. The CEO position will be taken over by HTC co-founder and Chairwoman Cher Wang, the company said in statement. Over the past two years, Wang has become increasingly involved in the running of various aspects of the business to allow Chou to focus on product development, a role in which he has demonstrated world- class design and cutting-edge technology expertise, HTC said. The company said its board of directors and executive team agreed that it was now the right time to formalize that progression and make the organizational changes necessary to enable HTC to "proceed to the next stage of its development." "We are seeing rapid changes in the industry, with the smartphone as our personal hub connecting us to a growing world of smart devices," Wang said in the statement. "We pioneered the smartphone industry; now we are applying that thinking to realize the potential of a new generation of connected products and services." She said the overwhelming response that the company's first virtual reality product, the HTC Vive, received earlier this month highlighted the importance of new connected technologies in the future. "As an entrepreneur at heart, I am excited to see so many new opportunities, and I am honored to accept this opportunity to help shape the next stage of HTC's development," Wang said. During his time as CEO, Chou oversaw the successful transition of HTC from a handheld device original design manufacturer (ODM) to a global branded company, HTC said. In his new executive role as head of HTC Future Development Lab, Chou will help identify growth opportunities for the company, it said. The management reshuffle came days after HTC unexpectedly delayed shipments of its flagship One M9 in Taiwan to allow for last-minute software fixes. The M9 was scheduled to go on sale on March 16, but the company has postponed the shipments to Saturday to provide "the latest version of software" for the device. HTC shares were flat at NT$141.5 (US$4.5) in Taipei trade Friday before the announcement of the personnel changes. (By Jeffrey Wu)


Updated : 2021-05-10 03:48 GMT+08:00