HTC won't fire CEO Peter Chou just yet

HTC's new commercial might show that the company's initials stand for "Here's To Change," but don't expect any of that change to take place in the executive suite. Even with the company taking in 45% less revenue in August when compared to last year, and the stock down 47% over the last eight months (the worst performance of the 813 stocks on the Taiwan Stock Exchange), the company's chairwoman, Cher Wang, refuses to fire CEO Peter Chou.

Instead of looking back, Wang wants HTC to regroup and look toward the future, which she believes is brighter, "HTC has many innovative products and will continue to work to introduce our excellent products to everyone in the world," the executive said at a recent summit. Wang even waved off the recent arrest of three HTC employees who were trying to set up their own design company and had tried to leak information about the next iteration of HTC's Sense UI. Thanks to what Wang calls HTC's "strict management system," the alleged theft will have no negative impact on the Taiwan based handset manufacturer.

Wang did note that HTC will expand its focus on China, a country in the crosshairs of other manufacturers like Apple and Nokia, and is the home to the world's largest carrier, China Mobile, which serves more than 1 billion consumers.

source: FocusTaiwan via BGR