HTC on the hunt for a new Chief Financial Officer, Chialin Chang to focus on sales

After HTC reviewed its financial performance during the troublesome first quarter of the year yesterday, the company's chief financial officer and head of global sales, Chialin Chang, announced today that the manufacturer is actively looking for a new CFO. The new executive will sit on Mr. Chang's chair and take care of HTC's financial matters, while the current CFO will concentrate on the company's sales strategy.

Chang revealed that it was not common for a high-ranking executive to take care of both of these positions, which is something he has been doing ever since December 2013. Some other sound reasons for this readjustment of high-ranking positions could be HTC's frail earnings and poor performance during the last few quarters – the company lost a lot of money and failed to bring home the bacon.

Chialin Chang stated that HTC is seeking the right person for this rather responsible position "both internally and externally". Of course, Chang will only step down from his position as CFO when HTC finds a suitable successor to step into his shoes.

Just as the saying goes, two heads think better than one, so let's hope that this change will aid HTC in probably its greatest desire at the moment – a financial turnaround and an increased global market share.

Hopefully, the sales of the flagship, the HTC One (M8), and the mid-range Desire 816 phablet will also help HTC get back on its feet during the upcoming quarters of 2014. The manufacturer also began outsourcing production to contractors in India and China in order to further decrease the pricing of some of its products.

source: The Wall Street Journal