HTC hopes visionary CEO can engineer second coming

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Now in his tenth yr as CEO of HTC Corp, Peter Chou is lauded as the architect of the Taiwanese firm’s award-successful smartphones. however as the corporate’s fortunes have dived, some insiders say he’s now an obstacle to any revival.

Rocked with the aid of inside feuding and executive exits, and placed on the high-end of a smartphone market that is just about saturation, HTC has considered its market share hunch to beneath 5 percent from around 1 / 4 five years ago; its stock worth is at 8-year lows, and it has warned it might probably make a primary working loss this quarter.

Reuters interviewed a dozen former and current HTC executives who stated Chou’s abrasive administration style and vulnerable strategic imaginative and prescient play their part in the company’s decline, which has coincided with the success of Apple Inc’s iPhone and Samsung Electronics’ Galaxy telephones.

Chou has said publicly he has no intention to face down, and executives – none of whom wished to be named on account of the sensitive nature of the difficulty – stated HTC has no clear interior successor. “part of the weak point is there’s no glaring successor, and that’s the reason no longer been just right for morale,” one said.

Chou declined to be interviewed for this article, however according to Reuters queries, the corporate said: “HTC’s board and broad worker base stay committed to Peter Chou’s management. The (flagship) HTC One product domestic – which has been met with accolades with the aid of media and customers alike – used to be because of the Peter’s vision and leadership, and speaks for itself.”

Author: Sujoy Dhar

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