HTC has announced that Cher Wang, chairman and co-founder of HTC will replace Peter Chou as chief executive officer. Chou will move into a strategic new role on future product innovation.
The manufacturer explained that over the last two years Wang had become increasingly involved in the running of various aspects of the business, so that allow Chou could focus on product development. As a result the board of directors and executive team had agreed that it was now appropriate to formalise the change.
Cher Wang, Chairman and CEO, HTC, said: ‘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 overwhelming response that our virtual reality product, HTC Vive, received earlier this month underlines the importance of these new connected technologies for our future. As an entrepreneur at heart, I am excited to see so many new opportunities, and I am honoured to accept this opportunity to help shape the next stage of HTC’s development.’
The manufacturer said that in his new executive role as head of HTC future development lab Chou would be responsible for identifying future growth opportunities for HTC.