HTC Chairwoman and co-founder Cher Wang is stepping up as the company's new chief executive in a management reshuffle. The Taiwanese electronics maker announced the management changes on Friday. In a press release, the company stated that Cher Wang, Chairman and co-founder of HTC is now acting as CEO, effective immediately. Chou will take a "strategic" position in product development as the leader of HTC's Future Development Lab.
Over the past two years, Chou has focused his attention on product development, while handing over more of his chief executive responsibilities to Wang. The company says that both the board of directors and executive team decided now was the time to formalize and finalize the changes in the corporate position.
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"We are seeing rapid changes in the industry, with the smartphone as our personal hub connecting us to a growing world of smart devices. We pioneered the smartphone industry; now we are applying that thinking to realize the potential of a new generation of connected products and services."
The new HTC CEO also stated that she is "an entrepreneur at heart," and potentially this will assist her in shaping HTC's future evolution as a business. The company has seen stagnant sales figures over the past three years, a pattern only disrupted in Q4 thanks to strong sales over the holiday season. HTC reported sales growth of 11 percent quarter-on-quarter, a rise which has not happened since 2011.