Wang replaces Peter Chou who will transition into newly created role overseeing product innovation
HTC chairman and co-founder Cher Wang as been appointed as CEO at the Taiwanese manufacturer, replacing fellow co-founder Peter Chou who will transition into a newly created role.
Wang and Chou founded HTC together in Taiwan in 1997, with Chou taking the role as CEO, but he began handing responsibilities over to Wang in 2013.
Chou will remain on the board and transition in to a newly created strategic role as head of HTC Future Development Lab, overseeing product innovation and development.
Last year, Wang was named the 54th most powerful woman in the world by Forbes magazine. She is worth an estimated $8.8 billion.
Wang said: “We are seeing rapid changes in the industry, with the smartphone as our personal hub connecting us to a growing world of smart devices. We pioneered the smartphone industry; now we are applying that thinking to realise the potential of a new generation of connected products and services.
“The overwhelming response that our virtual reality product, HTC Vive, received earlier this month underlines the importance of these new connected technologies for our future.
“As an entrepreneur at heart, I am excited to see so many new opportunities, and I am honoured to accept this opportunity to help shape the next stage of HTC’s development.”