HTC introduced immediately that firm president and CEO Yves Maitre has resigned for private causes, simply days after finishing his first yr with the corporate. President and co-founder Cher Wang has as soon as once more returned to the place of CEO of HTC.
Based on the assertion by HTC , the stringent restrictions on worldwide journey as a result of COVID-19 pandemic have had a significant influence on the French government who had spent many of the previous eleven months away from his household in Europe. The board then accepted the resignation that Maitre had most likely filed months in the past, a typical process for high-level executives.
Yves Maitre resigns after lower than a yr
In the course of the French supervisor’s tenure, HTC tried to strengthen its presence in digital actuality by increasing its Vive Cosmos modular headset household and selling its next-generation units. This was adopted by the launch of the Vive XR Suite as proof of the corporate’s dedication to digital actuality throughout the enterprise.
HTC additionally launched theU20, his first smartphone 5Gnevertheless, the previous Orange government was unable to reverse the corporate’s destructive development. The second quarter of 2020 marked the HTC’s ninth consecutive quarterly loss, which price roughly $ 62 million, increased than the earlier quarter’s lack of $ 57 million.
After a spherical of layoffs final December, the corporate introduced additional motion in June, however the newest spherical of layoffs wasn’t Maitre’s doing both.
Now that Wang is again in workplace, she is not going to solely must cope with monetary issues, however may also must compete very quickly towards the alleged next-generation standalone VR headset from Fb, in addition to guaranteeing that what’s left of the smartphone department is sustainable.