HTC CEO Hands Sales, Marketing Duties Off to Focus on Smartphone Comeback
October 21, 2013 2:11 PM
comment(s) - last by
The shift of duties is said to be temporary until the smartphone department is back on track
has taken a hard hit where smartphones are concerned, and the company's CEO has lightened his load in other departments in order to focus more heavily on bringing
back to the top.
, HTC CEO Peter Chou has handed some of his duties off to HTC Chairwoman and company co-founder Cher Wang. More specifically, Wang is taking on Chou's previous marketing, sales and supplier relationship duties so he can focus on product development and innovation.
"I have become very focused in the past couple of months. Before that I was too busy," said Chou. "I took on too many things. I need to be more focused on innovation and [the] product portfolio."
The company has even brought back another co-founder -- H. T. Chou -- to lead phone projects.
HTC CEO Peter Chou
The shift of duties from Chou to Wang is said to be temporary until the smartphone department is back on track.
HTC could certainly use all the help it can get right now. It used to sit in the top five list of companies when it came to phone shipments, but HTC even fell out of the top 10 this year.
To make matters worse, HTC showed its first-ever net loss for a quarter in
. It reported a net loss of $101.2 million USD on revenue of $1.6 billion.
HTC has had a slew of other problems as well, such as layoffs, where 20 percent of HTC employees were let go in September; rumors that the company will be sold, and issues with top designers
stealing trade secrets
ahead of leaving HTC to start their own firm.
Just last week, HTC
lost another key executive
-- HTC Global PR Vice President Lorain Wong -- after she had only been there for four months.
This article is over a month old, voting and posting comments is disabled
RE: its really really simple
10/22/2013 10:06:41 AM
Yup. Sounds like you get it... I doubt HTC does though.
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007
HTC Admits it Has a Communication Problem, Eyes Windows Phone Escape Route
October 8, 2013, 1:19 PM
HTC Execs Allegedly Conspired to Steal Secrets, Flee to China
September 2, 2013, 5:27 PM
HTC Trainwreck Continues, Q3 Earnings Forecast Slashed 30 Percent
July 30, 2013, 9:00 AM
Microsoft Admits Lumia 925 and 1020 Have Sleeping Sickness, Bug Fix is Planned
November 24, 2014, 1:12 PM
Report: Samsung Galaxy S5 Sales Have Come in 40% Below Projections
November 24, 2014, 6:58 AM
Quick Note: Google Chromebooks Now Coming with 1TB of Google Drive Space
November 21, 2014, 1:20 PM
Xiaomi Aims to be #1 Smartphone OEM Within 10 Years, Apple Urges Caution
November 21, 2014, 9:33 AM
Quick Note: Samsung's Request to Dismiss Microsoft Lawsuit is Rejected
November 20, 2014, 12:53 PM
Amazon Offers "The Washington Post" Free for Six Months to Kindle Fire Owners
November 20, 2014, 7:41 AM
Most Popular Articles
Uber Exec Threatens to "Spend Millions" to Stalk Female Reporter and Her Family
November 19, 2014, 12:31 PM
Apple Replaces “FREE” Label with “GET” on App Downloads in iTunes App Store
November 19, 2014, 5:38 PM
Rand Paul Casts Crucial "No" Vote on Obama-Backed PATRIOT Act Renewal Bill
November 19, 2014, 5:15 PM
FTC Announces Crackdown on Computer Speedup/Tech Support Scams
November 20, 2014, 1:40 PM
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information