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HTC still has no plans to oust CEO, despite struggles

Published Sep 10th, 2013 8:45AM EDT
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.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.