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 5:24:01 PM
The problem is that HTC can't compete selling cheap plastic crap against Samsung either.
If not build quality, what else are they supposed to compete with? It would also suck having HTC downgrade their design to Samsung's level, that would leave literally nothing but low quality devices running Android.
"You can bet that Sony built a long-term business plan about being successful in Japan and that business plan is crumbling." -- Peter Moore, 24 hours before his Microsoft resignation
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
Retiree Sues Apple For $7,500 for Wiping Honeymoon Photos From His iPhone
November 30, 2015, 10:23 AM
iPhone 7 May Pack 3-4 GB Memory, More Storage; 4-Inch Comeback is Rumored
November 20, 2015, 10:12 PM
OnePlus One, OnePlus 2 Will Receive Android Marshmallow in Q1 2016
November 16, 2015, 9:58 AM
Lenovo Whoa: Motorola Droid MAXX 2 and Turbo 2 Break Cover in Leaks
October 26, 2015, 3:12 PM
Leak: Apple Preps for First Real Android App Foray With New Apple Music App
October 24, 2015, 1:59 PM
Pepsi Smartphone? Empty Calories Coming Soon to the Midrange
October 12, 2015, 11:41 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
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
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information