Reuters: Technology News: HTC CEO steps back to focus on fixing smartphone slide: FT

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HTC CEO steps back to focus on fixing smartphone slide: FT Oct 21st 2013, 02:19 Tweet Share this Email Print Reprints HTC CEO, Peter Chou, speaks during the launch of the HTC One smartphone in London February 19, 2013. Credit: Reuters/Toby Melville TAIPEI | Sun Oct 20, 2013 10:19pm EDT TAIPEI (Reuters) - HTC Corp's chief executive has handed some duties to the company's chairwoman as the smartphone maker struggles to claw back market share from Apple Inc and Samsung Electronics Co Ltd, the Financial Times reported. Chief executive Peter Chou is temporarily focusing on innovation and product development after HTC's latest One handset failed to arrest a slide in the company's share of the global smartphone business, the newspaper reported. Cher Wang, chairwoman and company co-founder, is stepping up her duties to include sales, marketing and supplier relationship, it said. H. T. Chou, another co-founder, has returned to the company to head certain phone projects, said a source with knowledge of the matter. HTC, which posted its first quarterly loss this month, has been laid low by the product and marketing might of Apple and Samsung - woes that have been exacerbated by supply-chain constraints and internal turmoil. Once ranked among the top five phonemakers by shipments, HTC this year fell out of the top 10, according to Gartner. HTC officials were not immediately available for comment. Shares of HTC fell 1.1 percent minutes after market opened, lagging the main index's 0.06 percent dip. (Reporting by Faith Hung; Editing by Stephen Coates) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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