HTC Shares Fall as Taiwanese Phone Maker Names New CFO
Shares of HTC fell on Tuesday after the Taiwanese cellphone maker announced that it was changing chief financial officers.
In a statement, HTC said it had named former Goldman Sachs partner and onetime Motorola engineer Chia-Lin Chang as its new numbers executive, replacing Winston Yung. Yung, who has been with HTC since 2011, will remain with the company and will focus on corporate development, Chang said.
Following the move, shares of HTC fell as much as 6 percent in Taiwan, according to Reuters.
The company has had more than its fair share of issues in the last few months, after several quarters of impressive growth. The company said earlier this month that its most recent quarterly results showed sales off by more than a third.