HTC still has no plans to oust CEO, despite struggles

HTC Chou Rumor Denial

HTC has publicly denied a new round of rumors suggesting that the company is planning to oust chief executive Peter Chou as it continues to struggle. Chatter that HTC’s CEO might soon be forced out has popped up a few times, but HTC was quick to squash the most recent rumors. Chou “has done a great job” and HTC has no plans to remove him from his current post, HTC chairwoman¬†Cher Wang told Economic Daily News. She continued, noting that HTC has “many innovative products and will continue to work to introduce our excellent products to everyone in the world.” Shares of HTC have fallen more than 45% through the first eight months of the year and the company recently reported unaudited August 2013 revenue that dropped 47% compared to the same month last year.

Source:
Economic Daily News
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