Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
What an interesting industry shakeup to find in my inbox this morning. Apparently, the very top of HTC has been rearranged. Peter Chou stepped down as CEO of HTC, and Cher Wang has taken over the position. If you remember the HTC One M9 event, Cher Wang shared some of the demo time with Peter Chou. Maybe this was meant as a "soft-intro."
Before today, Cher Wang was simply known as the Chairperson for HTC’s board of directors and the co-founder of the company. Reports from within the industry indicate this transition was actually about two years in the making. Apparently, Wang was already heavily involved in everyday management behind the scenes.
Ironically, HTC's stock didn't even register a blip (positive or negative) after the news. It seems that investors were neither unhappy, nor enthusiastic about the change. Either way, Chou isn't being fired. He instead will transition to a new product-oriented position as Head of HTC Future Development Lab.
Reading between the lines, it sounds like they have been happy with Chou's design decisions for the HTC One line, but not too happy with his organizational and leadership skills. Here's a quote from the new CEO of HTC, Cher Wang,
What do you think of HTC's new leadership?