HTC shares fall after shake-up

City A.M. Reporter
SHARES of HTC Corp fell as much as six per cent yesterday after a change in its chief financial officer and the imminent launch of a new phone by arch rival Samsung Electronics raised concerns over the Taiwanese firm’s recovery.

HTC said in a statement on Monday it had appointed Chia-Lin Chang, a former partner at Goldman Sachs in Taiwan who has also worked as an engineer at Motorola, as new chief financial officer, replacing Winston Yung.