CompareComparing...

HTC COO Departs After Reporting Highest Revenue In 11 Months

Now Reading
HTC COO Departs After Reporting Highest Revenue In 11 Months

Browse This Page

HTC reported that sales of their flagship HTC One hit ‘around 5 million.’ This is certainly great news for CEO Peter Chou as he previously declared that he would resign if the One was not a success. For now the all-aluminum Android is pressing forward. Earlier today the company their strongest month of revenues in almost a year. Unaudited revenues ending May 31st hit $967 million, but still down 3.3%.

That’s the good news. Unfortunately another exec has departed the company. Bloomberg is reporting that Matthew Costello, Chief Operating Officer, has decided to part ways after a 3-year stint. No other details were given, but “Costello will stay on as an executive adviser after moving to Europe.” His role will be absorbed by Fred Liu, currently president of engineering and operations, and will now oversee “operations, quality, sales operations and services.”

This marks the seventh HTC executive to fly the coop since the beginning of the year. According to The Verge, the May departure of Asia CEO Lennard Hoornik and Kouji Kodera, chief product officer, were the latest in a slew of employee losses, including Jason Gordon, vice president of global communications; Rebecca Rowland, global retail marketing manager; John Starkweather, director of digital marketing, and Eric Lin, product strategy manager.

In an interview last week with AllThingsD, Jason Mackenzie, HTC’s president of global sales, sought to put the departures into context and suggested that the media was blowing them out of proportion.

“HTC has been around for 15 years now, so it’s still a relatively young company, and still a company where it feels like a family. It feels like a mom and pop organization because many of the founders are all still there. And so it’s tough when we lose one employee; we’re like that,” he said. “But the news around this ‘mass exodus’ has really been overblown. We’re a big company today and we’ve lost a few people. Some were planned and some were not. But it’s not masses of people.”

Another interesting point in the report notes that HTC will be forming a new quality assurance division that will “handle product lifecycle matters” and “product reliability.” This division will be run by Georges Boulloy and will most likely hone in on improving device launch time.

[Mobile Syrup, The Verge]

What's your reaction?
Awesome
0%
Epic
0%
Like
I Want This
0%
Meh
0%
About The Author
Shivaank Rana
Shivaank Rana
iGyaan's Carlos Santana! Shivaank loves Apple products! He stays up to date with the latest happenings of the tech world and gets his hands dirty with the latest Gadgets! Follow Him on Google Plus : Google+
0 comments