Co-founder and former CEO retires from HTC
HTC confirms that Peter Chou left his post as CEO in September 2015
HTC, a Taiwanese consumer electronics company, has confirmed that Peter Chou left his post as CEO in September 2015.
Chou, who co-founded HTC with Cher Wang in 2004, moved to the HTC Future Development Lab and Wang stepped into the CEO position.
HTC said in a statement: ""HTC can confirm that Peter Chou retired from the Company after assuming the chairmanship of Digital Domain in September 2015, although he was retained as an Advisor to enable HTC to leverage his extensive experience. We thank Peter for his long-term commitment to the business and wish him well in his retirement."
HTC smartphone sales have struggled, however with the release of the HTC 10 and the company's expansion into virtual reality and connected devices, Wang could turn things around.